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PRO is multihousing news and strategy for owners and operators seeking to increase their asset value through streamlined processes and best practices.
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News
Kennedy Wilson in Partnership with Shimizu Corp Announce Plans for 382-Unit Luxury Multifamily Community in Sandy Springs Georgia
3+ day, 13+ hour ago (180+ words) Kennedy Wilson has unveiled plans for Caldwell, a 382-unit luxury community in Sandy Springs, Georgia. The $139 million project, the firm’s first in the state, is being developed through a partnership with Japanese construction company Shimizu Corp. Caldwell is being developed…...
Waterton Acquires 482-Unit Reserve at Chino Hills Apartments in Chino Hills California
3+ day, 13+ hour ago (468+ words) Yield PRO Waterton, a national real estate investor and operator, announced it has acquired Reserve at Chino Hills, a 482-unit rental community in Chino Hills, CA. The 20-acre garden style community at 4200 Village Dr. comprises 46 residential buildings and a clubhouse....
Marcus & Millichap Brokers Two Santa Monica Multifamily Portfolio Sales
4+ day, 17+ hour ago (229+ words) Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of two multifamily properties at 947 4th St. and 914 5th St. in Santa Monica, California. Each property sold for more than…...
Tishman Speyer's TS Plus Acquires Rise a 376-Apartment Community in Anaheim
1+ week, 3+ day ago (374+ words) Tishman Speyer acquired the 340,000-square-foot residential property on behalf of its TS Plus fund. The purchase was financed in part by an $88 million loan through Freddie Mac. Completed in 2020 and currently 95 percent leased, Rise offers luxury apartments ranging from studios…...
National Firm Grand Peaks Expands Pacific Northwest Presence with 424-Unit Multifamily Acquisition in Oregon
1+ week, 4+ day ago (259+ words) Multifamily real estate investment firm Grand Peaks, in partnership with PCCP, LLC, announced the acquisition of West End District, a 424-unit, mixed-use multifamily community located in the heart of Beaverton, Oregon. CBRE served as the sales and debt broker on…...
Investor Pays $23.5M For Two Apartment Multifamily Portfolio in Northern California
1+ week, 5+ day ago (204+ words) Northmarq‘s Walnut Creek Investment Sales team led by Zach LeBeouf and Anthony Pappageorge successfully brokered the $23.5 million sale of the Ukiah Portfolio, a 121-unit two-property multifamily portfolio comprising two apartment communities in Ukiah, California. The portfolio consists of Sierra…...
Waterford Property Company Launches Construction on Santa Clarita Multifamily Affordable Housing Project
1+ week, 5+ day ago (169+ words) Yield PRO Waterford Property Company has begun construction on a 75-unit affordable housing community in the Santa Clara County city of Milpitas. The project is being financed with 4% low-income tax credits and private activity bonds and is set for completion…...
Bascom Refinances Historic Apartments in Los Angeles Westlake District
2+ week, 1+ day ago (75+ words) Yield PRO The Bascom Group, LLC has completed an $8.5-million refinancing of The Charleston Apartments, a 133-unit historic multifamily community located in the Westlake neighborhood of Los Angeles. Michael Derk, Daizy Gomez, Linsey Farrahi and Zack Metzner of Marcus & Millichap…...
Institutional Property Advisors Brokers Multifamily Asset Sale in North County San Diego
2+ week, 3+ day ago (199+ words) Yield PRO Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) dedicated to serving the company’s institutional clients, announced the sale of Pacifica Palms Apartments, a 189-unit multifamily property in Escondido, California. The asset traded for $33.6 million. The property…...
Marcus & Millichap Arranges $8.65M Sale of 21-Unit Multifamily Property in Los Angeles
2+ week, 4+ day ago (61+ words) Yield PRO Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 1345 S. Beverly Glen Blvd., a 21-unit multifamily property in Los Angeles. The property sold for $8.65 million,…...