West

Phoenix. Photo by DutcherAerials/iStockphoto.com

Phoenix Multifamily Report – June 2023

After two great years, the market is now correcting course.

Rise Koreatown rendering. Image courtesy of Greystone

Greystone, Affinius Close $135M Loan for LA Community

The newly completed Koreatown property includes retail space.

Mosaic Capitalizes Student Housing Near USC

JLL arranged a package of joint venture equity, mezzanine financing and a construction loan.

Modera Art Park

Mill Creek Buys 417-Unit Denver Asset

The six-story community came online last year.

BRIDGE Housing Buys Bay Area Affordable Housing Community for $67M

Several years of capital improvements will be invested in the property.

Clarendon Park. Image courtesy of CBRE

WhiteHaven Pays $37M for Phoenix Property

The buyer plans to invest almost $6 million in renovations over the next two years.

MonteCedro rendering. Image courtesy of C.W. Drives Cos.

LA-Area Luxury Senior Project Breaks Ground

This $56 million project is the second phase of a larger age-restricted development.

Vista Ridge Apartments

Reno Apartments Sell for $76M

Vista Ridge came online in 1996.

Urban Pacific, Shopoff JV to Develop Southern California Communities

The first groundbreakings are expected later this year.

San Diego. Photo by simonkr/iStockphoto.com

San Diego Multifamily Report – June 2023

Rent growth took a swift turn for the better.