CULVER CITY, CALIF. — Cityview has sold Haven Culver City in Los Angeles County to TruAmerica. IPA’s Kevin Green, Joseph Grabiec and Gregory Harris represented the seller in the transaction. The sales price was not disclosed. TruAmerica concurrently acquired another local property, Luxe Villas, a 72-unit community located at 11640 Mayfield Ave. in Brentwood, for approximately $49.5 million. Haven Culver City was built in 2019, and Luxe Villas were constructed in 2006.
HENDERSON, NEV. — San Francisco-based multifamily investment firm Hamilton Zanze has acquired Fairways on Green Valley, a 320-unit garden-style community adjacent to the Legacy Golf Club in the Green Valley South neighborhood of Henderson, 18 miles southeast of Las Vegas. The deal closed on Feb. 19. Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed the role of property manager. The purchase marks Hamilton Zanze’s first in 2026. The company acquired seven properties last year. Fairways on Green Valley was developed in 1990. The one- and two-bedroom units are …
AVONDALE, ARIZ. — Avalon Townhomes, a 70-unit rental townhome community 18 miles west of Phoenix, has been acquired by LVP Partners for $30.1 million. Mark Forrester, Andrew Curtis and Ryan Boyle of Berkadia Phoenix led the transaction on behalf of the seller, Bela Flor & TruVista Development. The property opened in 2025, offering a mix of two- and three-bedroom townhomes with dedicated driveways, enclosed backyards and electric vehicle chargers. Community amenities include a resort-style pool and hot tub, a pet park, an outdoor fitness circuit, grilling area and guest parking.
OLYMPIA, WASH. — Northmarq’s Seattle-based investment sales team led by Joe Kinkopf, Steve Fischerand and Tyler Smith has arranged the $19.5 million sale of Merritt Manor, an 82-unit affordable housing community located at 3335 Martin Way E. in Olympia. Northmarq represented the seller, doing business as Fourth Street’s Merritt Manor LLC. The buyer was an entity named Merritt Manor LLC. Merritt Manor was developed in 2020 and includes amenities such as a community garden, grills, a playground, electric vehicle charging stations and a lounge. Specific income restrictions were not disclosed, …
LONGMONT, COLO. — Thompson Thrift has sold Notch66, a 336-unit property in Longmont, approximately 20 miles northeast of Boulder, Colorado. Arizona-based The Wolff Co. acquired the asset for an undisclosed cost. Thompson Thrift developed the property, launching construction in 2022 and completing it in June 2024. At the time of the sale, Notch66 was 93 percent occupied. Indiana-based Thompson Thrift has developed 22 properties in Colorado, including three in Longmont. Notch66 features one-, two- and three-bedroom apartments with private yards and detached garages in select units. Amenities include a clubhouse, …
SANTEE, CALIF. — CBRE has arranged the $26.5 million sale of La Roca Plaza, a 100-unit property located at 10032 North Magnolia Ave. in Santee, about 20 miles northeast of San Diego. CBRE’s Conor Brennan and Rachel Parsons represented both the buyer and seller in the transaction. The parties were doing business as Casa La Roca Apartments LLC and La Roca Plaza LP. Situated on 4.6 acres, La Roca Plaza offers a mix of one-, two- and three‑bedroom floor plans. Amenities include a pool, playground, central courtyard, on-site laundry, high-speed …
SACRAMENTO, CALIF. — Greystar and PGIM have begun development of Marlowe Natomas, a 378-unit community located at 3580 North Freeway Blvd. in the Natomas neighborhood of Sacramento. Situated on approximately 13 acre, Marlowe Natomas will feature three-story, garden-style buildings containing a mix of one-, two- and three-bedroom floor plans complemented by amenities such as a resort-style pool with covered grilling stations, a shaded yoga lawn, pickleball court, fire pit, a pet run, rentable electronic bikes, a fitness center, private work spaces, a conference room, golf simulator and pet-washing facilities. The …
SALT LAKE CITY — The Housing Authority of Salt Lake has obtained a HUD loan for approximately $10.2 million for the development of Book Cliffs Lodge, a 55-unit affordable housing community that has been in the planning phases for several years. Construction has begun. A completion date has not been disclosed. JLL Capital Market’s Anson Snyder and Chris Gandy arranged the financing. Book Cliffs Lodge will be a four-story building with one-bedroom units in various sizes that will serve tenants earning between 30 and 80 percent of area median income. …
PHOENIX — JLL Capital Markets has arranged two refinancing loans totaling approximately $64.3 million on behalf of Chicago-based Blue Vista Capital Management and Palm Desert, California-based Family Development. The partners own Villas Litchfield (153 units) and Villas Goodyear (151 units), two newly constructed build-to-rent communities in Phoenix’s West Valley. ORIX Corp. was the lender. The loans — $33.1 million for the Litchfield property and $31.3 million for the Goodyear community — will serve as construction takeout financing for the two assets, which both opened in 2025. Greystar is the property manager at …
OCEANSIDE, CALIF. — CBRE has arranged the $14.4 million sale of The Flats, an 18-unit property in Oceanside, approximately 38 miles north of San Diego. CBRE’s Rachel Parsons, Philip Buckley and Anna Kampling represented FABRIC, the seller, in the sale. Conor Brennan, also of CBRE, represented the Dan and Cynthia Kronemyer Family Trust in the acquisition. The property was developed in 2024 and includes two ground-floor retail spaces totaling 2,785 square feet. Units are offered as one- and two-bedroom floor plans.
