West
Capital One Provides Freddie Mac Loans for 8 Properties
The financial company closed on $15.5 million in loans for the refinance or acquisition of a more than 200-unit portfolio. The properties are located in California and Arizona.
Bell Partners Nabs 306-Unit Denver-Area Community
Alta Cherry Hills marks the company’s second 2017 acquisition. The property is located near two of the metro’s largest employment areas.
MJW Property Buys SoCal Asset for $44M
Berkadia completed the sale of the 230-unit community in Menifee, Calif., at a sub-4.4 percent cap rate. The asset had an occupancy rate of 95.7 percent last month.
San Diego Apartments Snag $38M Refi
KeyBank Real Estate Capital arranged the financing, 12-year term, seven-year interest only period and a 30-year amortization schedule for the 255-unit Stonewood Garden Apartment Homes.
US Residential Welcomes New EVP
Laurie Lyons, a 30-year veteran of the apartment industry, will be responsible for growing the company’s third-party management portfolio. She will be based in Denver.
LINC Opens LA-Area Affordable Community
Mosaic Gardens at Willowbrook is a $20 million development built for low-income families and homeless households, with support from several public and private entities. The latest homeless count shows there are nearly 47,000 homeless in Los Angeles County.
Lifescapes Designs Landscape for DTLA’s First Completed Condos in a Decade
The company has completed the design for the outdoor terrace and pool deck on the sixth floor of a 25-story project developed by Trumark Urban, which also features the country’s first drone landing pad.
Wolff Completes Construction in Downtown LA
Located in the South Park district, the seven-story community consists of 347 units and 19,000 square feet of ground-floor retail and amenity space.
Hamilton Zanze Buys Salt Lake City Community
The company plans to upgrade the 256-unit property that it purchased from Peak Capital Partners in an off-market transaction. Mission Rock Residential will manage the property.
Innovative Senior Housing Underway in Contra Costa County
Northern California Presbyterian Homes and Services is developing the first continuing-care retirement community in the area that is part of a larger retail development.