Investment Sales

Decron Properties Buys Los Angeles Property for $114M

by Lynn Peisner September 22, 2026

LOS ANGELES — Locally based Decron Properties has acquired 5550 Wilshire, a 163-unit mixed-use apartment community in the Miracle Mile area of Los Angeles. According to the Los Angeles Business Journal, the seller was private equity real estate investor GID, headquartered in Atlanta. The asset sold for $114 million. Blake Rogers of JLL arranged the transaction. Developed in 2010, 5550 Wilshire offers one-, two- and three-bedroom apartments and townhomes. Amenities include a resort-style pool, hot tub, rooftop lounges, movie theater and parking for 484 vehicles. The property also includes 14,686 …

September 22, 2026

California Investment Sales News Western

TruAmerica Buys Bridges at San Ramon in San Francisco Bay Area

by Lynn Peisner September 22, 2026

SAN RAMON, CALIF. — TruAmerica Multifamily has acquired Bridges at San Ramon, a 200-unit community in San Ramon. With this acquisition the Los Angeles-based investment firm owns and operates 1,240 units in the San Francisco Bay area. The seller was not disclosed. Bridges at San Ramon offers 200 one- and two-bedroom units averaging 739 square feet. Amenities include a pool and spa, fitness center, resident lounge, courtyard and barbecue area, playground, pet spa, electric vehicle charging stations and garage parking. TruAmerica plans to renovate a majority of the units, installing …

September 22, 2026

California Investment Sales News Western

Marcus & Millichap Arranges $11.2M Sale of Molokai Apartments in San Diego

by Lynn Peisner September 22, 2026

SAN DIEGO — Marcus & Millichap has arranged the $11.2 million sale of The Molokai Apartments, a 39-unit property in San Diego. Austin Ray Huffman and Chris Zorbas, of the Zorbas Huffman Group based out of Marcus & Millichap’s San Diego office, listed the property on behalf of the seller, Vista International Inc. The buyer, a private investor, was represented by Michael Wolf of Coldwell Banker West. Built in 1971, The Molokai Apartments is a 32,204-square-foot property situated on about 1 acre at 5055 73rd St. in San Diego’s College …

September 22, 2026

Finance Investment Sales News Washington Western

Mesa West Funds $27M Loan for Timberland Partners’ Acquisition of Metro Seattle Asset

by Lynn Peisner September 21, 2026

ISSAQUAH, WASH. — Mesa West Capital has funded a $27 million acquisition loan for Timberlane Partner’s purchase of Vista Ridge, a 91-unit community in Issaquah, 17 miles southwest of Seattle. The seller was Vancouver, British Columbia-based Belkorp Holdings. The total acquisition cost was $37 million. Vista Ridge is an eight-building, garden-style community located at 201 Mountain Park Blvd. SW. Built in 1992, the property spans 7 acres and consists of two- and three-bedroom units with an average size of 1,106 square feet. Community amenities include a fitness center, covered parking, …

September 21, 2026

Affordable Housing California Investment Sales News Western

Marcus & Millichap Arranges $8.6M Sale on Santa Catalina Island

by Lynn Peisner September 18, 2026

AVALON, CALIF. — Marcus & Millichap has arranged the sale of Tremont Street Apartments, a 62-unit affordable housing property in Avalon, the only incorporated city on Santa Catalina Island. The asset sold for approximately $8.6 million. The seller was a limited partnership known as Black Rose Catalina, and the buyer was Newport Beach, California-based Tailwind Investment Group. Arteen Zahiri and Tony Azzi, both members of the Azzi Group in Marcus & Millichap’s Los Angeles office, represented the seller and procured the buyer. The apartment community, built in 1983, operates under …

September 18, 2026

California Investment Sales News Western

Investor Pays $26.6M for Central California Asset

by Lynn Peisner September 18, 2026

MODESTO, CALIF. — The Mogharebi Group (TMG) has arranged the $26.6 million sale of The Marc at 1600, a 100-unit community in Modesto. The seller was San Francisco-based Tesseract Capital Group, and the buyer was an undisclosed family office. Located at 1600 Standiford Ave., the community consists of one- and two-bedroom units with an average size of 798 square feet. TMG’s team, representing the seller, was led by Otto Ozen, Brian Nakamura and Nazli Santana.

September 18, 2026

Investment Sales News Oregon Western

Bender Equities Sells Two Oregon Properties for $83M

by Lynn Peisner September 16, 2026

CORVALLIS, TALENT ORE. — Bender Equities has sold two properties in Oregon to Verdant Development Inc. for $83 million. Oak Vale is a 257-unit property in Corvallis, and Anjou Club in Talent is comprised of 181-units. Anthony Palladino, Philip Assouad, Giovanni Napoli, Ryan Harmon and Nick Ruggiero of IPA, in association with David Tabata, Marcus & Millichap’s broker of record in Oregon, represented the seller. Oak Vale is a 31-building property built in two phases in 1973 and 1995 on approximately 16 acres. Amenities include a lounge, game room, fitness …

September 16, 2026

Investment Sales News Texas

Machine, RPM Partner for North Dallas Acquisition

by Lynn Peisner September 16, 2026

DALLAS — Machine Investment Group and RPM Living Investments have acquired 75 West, a 490-unit community in the Park Central submarket of North Dallas. RPM will also serve as property manager. Located at 7927 Forest Lane, 75 West comprises 490 units, half of which are townhomes with attached garages. The property also includes approximately 10,800 square feet of fully leased ground-floor retail space. Machine plans to invest in deferred and preventive maintenance, amenity enhancements and operational improvements designed to stabilize the asset. The seller was not disclosed, but the asset …

September 16, 2026

Colorado Investment Sales News Western

JB Matteson Acquires Vantage at Loveland in Colorado for $72.3M

by Lynn Peisner September 15, 2026

LOVELAND, COLO. — JB Matteson has acquired the 288-unit Vantage at Loveland from Vantage Communities for $72.3 million, according to Larimer County property records. Loveland is 50 miles north of Denver. Greg Parker and Jason Hornik out of Marcus & Millichap’s Denver office arranged the sale on behalf of the seller. Completed in 2024, Vantage at Loveland features a resort-style pool, clubhouse, fitness center, and outdoor recreation areas. Apartments have washers and dryers, walk-in closets and kitchen islands. JB Matteson is a San Mateo, California-based property management and investment firm. …

September 15, 2026

Industry Voices Investment Sales Operations Southeast Tennessee

Nashville’s Fundamentals and a Resilient Labor Market Strengthen the City’s Multifamily Outlook

by Lynn Peisner September 14, 2026

By David Nelson When considering the attributes of Nashville, a thriving music industry often first comes to mind. The city is dubbed Music City, after all, and has spawned a variety of successful country music artists. Nashville is more than twang and chart-toppers, however. It’s Tennessee’s capital and most populous city, home to more than 2.1 million residents in the metro area, with an economy anchored by major employers in healthcare, government, education and manufacturing. Its unique dynamics also make it a market to strongly consider for multifamily investment. Nashville’s …

September 14, 2026

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