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Tresa-at-Arrowhead-Phoenix
ArizonaInvestment SalesNewsWestern

Hamilton Zanze Sells Arrowhead Apartments in Phoenix Metro

by Lynn Peisner

GLENDALE, ARIZ. — TerraCap Management has acquired Tresa at Arrowhead Apartments in Glendale from Hamilton Zanze, which has held the 360-unit property since 2016. Situated on 19 acres at 17722 N. 79th Ave., Tresa at Arrowhead features one-, two- and three-bedroom units ranging from 638 to 1,353 square feet. Originally built in 1998, the property is 24 miles northwest of Phoenix and adjacent to Arrowhead Town Center. Amenities at the gated community include an outdoor pool with a hot tub, grilling and picnic areas, a clubhouse, game room, dog park …

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Mezzo-Las-Vegas
Company NewsNevadaNewsOperationsWestern

Stout Tapped to Manage Mezzo Apartments in Las Vegas

by Lynn Peisner

LAS VEGAS — Locally based Stout Management Co. has been selected as property manager for Mezzo Apartments located at 3770 University Center Drive in Las Vegas. The community is made up of studio and one-bedroom units with hardwood laminate flooring and stainless steel appliances. Wi-Fi and cable are included with rent. Community amenities include a gated entry, a pool, fitness center, dog park and on-site maintenance services. As property manager, Stout Management Co. will oversee day-to-day operations, resident services and long-term asset management. According to Yari Matrix, the 455-unit community …

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Cedar-Square2-Beaverton
Investment SalesNewsOregonWestern

JV Buys Cedar Square Apartments in Oregon for $29.9M

by Lynn Peisner

BEAVERTON, ORE. — A joint venture consisting of Glencrest Group and Sky Alps Capital has acquired Cedar Square Apartments in Beaverton, about 9 miles west of Portland, Oregon. An unnamed local investor sold the 155-unit, garden-style asset for approximately $29.9 million. JLL Capital Market’s investment sales team was led by Ira Virden, Carrie Kahn and Owen Wise. JLL’s Debt Advisory team, which arranged an acquisition loan, was headed up by Charles Halladay and Jonah Aelyon. Cedar Square was built in 1980 with additions completed in 2016 and 2024. The property …

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Larkin-Place-Claremont
Affordable HousingCaliforniaDevelopmentNewsWestern

Jamboree Opens $23.9M Larkin Place, an Affordable Housing Community in L.A. County

by Lynn Peisner

CLAREMONT, CALIF. — Jamboree Housing Corp. has opened Larkin Place, a 33-unit affordable housing community in Claremont, a city in eastern Los Angeles County, about 33 miles east of downtown Los Angeles. Larkin Place is intended to serve low-income and formerly homeless individuals and is comprised of eight studios and 24 one-bedroom units reserved for households earning no more than 30 percent of area median income. A manager will occupy the remaining unit.   Several public and private financial partners participated in bringing the $23.9 million development to fruition. Los …

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Enclave-Rigden-Farm-Fort-Collins
BerkadiaColoradoInvestment SalesNewsWestern

Avanti Residential Buys Enclave Rigden Farm in Colorado for $40.8M

by Lynn Peisner

FORT COLLINS, COLO. — Berkadia has arranged the $40.8 million sale of Enclave Rigden Farm, a 105-unit rental townhome community in Fort Collins. Berkadia’s Denver-based team, led by Robert Bratley, Jack Sanders, Mike Grippi and Pamela Koster, represented the seller, Granite Capital Group, a Santa Barbara, California-based commercial real estate investment firm. Avanti Residential, a multifamily owner-operator based in Denver, was the buyer Located at 2758 Iowa Drive, the property was built in 2007 and features 105 townhomes with direct access to garages and private patios.

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Jules-Los-Angeles
CaliforniaDevelopmentNewsWestern

High Street Residential Breaks Ground on 281-Unit Jules in Los Angeles

by Lynn Peisner

LOS ANGELES — High Street Residential, a subsidiary of Trammell Crow Co., and joint venture partner Haseko North America, has broken ground on Jules San Pedro. Located in the San Pedro Waterfront Arts District in Los Angeles, the development will be comprised of 281 apartments and 1,276 square feet of ground-floor retail space. The eight-story community, designed by KFA Architecture, will offer a mix of studio, one- and two-bedroom residences. The project’s amenity program is centered around its rooftop, which includes a lounge and deck with harbor views. The property …

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Ascent-at-Hover-Longmont
Affordable HousingColoradoDevelopmentNewsWestern

Pennrose Opens Affordable Housing Community in Longmont, Colorado

by Lynn Peisner

LONGMONT, COLO. — Pennrose and Longmont Housing Authority (LHA) have completed the $39 million Ascent at Hover Crossing, a 75-unit affordable housing community with an early childhood education center in Longmont. Ascent at Hover Crossing was designed with families and children in mind, offering a mix of one-, two-, three- and four-bedroom units across two buildings. The apartments are available for a variety of incomes, with units ranging from 30 to 80 percent of area median income, which equates to an annual salary of approximately $31,650 to $84,400 for a …

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Highline Vista Residential Partners
ColoradoInvestment SalesNewsWestern

Vista Residential to Break Ground on 172-Unit Development in Littleton, Colorado

by Lynn Peisner

LITTLETON, COLO. — Vista Residential Partners is planning to break ground later this year on Highline Vista, a four-story, 172-unit, garden-style property on 5.6 acres in Littleton. Highline Vista will offer a mix of studio, one-, two- and three-bedroom residences. Amenities include a 3,500-square-foot clubhouse with fitness and business centers, a resort-style pool with cabanas and grilling areas, multiple outdoor pavilions and a community park. The development is being designed by Rosemann Architects, with Apex Multifamily Construction, a Vista affiliate, serving as general contractor. Construction begins in August, with completion slated …

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Mark-Washington-Walker-Dunlop
Company NewsIdahoInvestment SalesNewsOregonWashingtonWestern

Walker & Dunlop Hires Mark Washington to Lead Pacific Northwest Multifamily Sales

by Lynn Peisner

SEATTLE — Walker & Dunlop has hired Mark Washington as managing director of capital markets, multifamily investment sales. Washington will be based in Seattle and will lead multifamily sales across the Pacific Northwest. Prior to joining Walker & Dunlop, Washington served as an executive vice president with CBRE’s capital markets team in the Pacific Northwest, where he focused on institutional multifamily investment sales. Earlier in his career, he held roles at Eastdil Secured, JLL and TH Real Estate, advising clients on complex asset transactions and portfolio strategies.

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Parkway-Townhomes-Henderson
Affordable HousingInvestment SalesNewsNortheastSoutheastTexasWestern

TruAmerica Closes $708M Workforce Housing Fund

by Lynn Peisner

LOS ANGELES — TruAmerica Multifamily has raised $708 million from investors that is being used to acquire $2 billion worth of workforce housing. Approximately $320 million has already been invested via the acquisition of 14 properties in nine cities. TruAmerica Workforce Housing Fund II will be used to buy Class B communities near major central business districts in markets that demonstrate supply-demand imbalances and limited inventory of attainable rental housing, according to the company. Target markets are located in the Southeast, Northeast, West Coast, Mountain West and throughout the Sun …

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