West
845-Unit Phoenix Portfolio Changes Hands
Greystar has purchased a trio of properties encompassing 845 units in Chandler and Gilbert, two of the metro’s fastest-growing submarkets.
Rental Demand Eclipses Supply in San Diego
Demand for apartments is rising in the city, where employment and population gains—along with a high barrier to homeownership—sustain rent growth.
Silicon Valley Community Sells for $17M
A Northern California-based development company sold the property to a private investor. The 32-unit community is situated in Palo Alto, Calif.
29SC Expands Denver Portfolio
The company acquired the asset for an undisclosed price and plans to invest more than $1.6 million for capital improvements.
In Case You Missed It: MHN’s Top 5 Posts in November
Miss any of our articles? Catch up with five of our most popular posts for the month.
Investcorp Acquires $311M Multifamily Portfolio
The properties, totaling 2,876 units, include three communities in Houston, two in Tampa, Fla., and one in Salt Lake City.
HFF Facilitates $54M Financing for North San Diego Development
The 305-unit garden-style community will be located in the heart of Vista, a growing infill community close to employment centers.
Peak Capital Acquires NM Asset
KeyBank provided the buyer of the 120-unit, Class B multifamily property with more than $11 million in Fannie Mae financing.
Wood Partners Sells Luxury Building in Salt Lake City
Completed in 2017, Alta Gateway Station is the first LEED Platinum-certified apartment building in Utah. The sale of the 277-unit rental property was handled by Cushman & Wakefield.
Continental Realty, MLG Seal $54M Deal in Phoenix
The acquisition marks the third partnership between the two companies, which are planning a major renovation of the 408-unit property in Tempe, Ariz.