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Latitude-Everett
Investment SalesNewsWashingtonWestern

Jackson Square Sells Latitude in Everett, Washington, for $24.5M

by Lynn Peisner

EVERETT, WASH. — Jackson Square Properties has sold Latitude, a 108-unit property in Everett’s Lake Stickney neighborhood, to Bridge Housing for approximately $25.4 million. The asset was developed in 1986. Its six residential buildings along with a standalone clubhouse are situated on 4 acres. Amenities include a courtyard with a barbecue area and firepit, fitness center and a fenced-in dog park. The unit mix is comprised of one- and two-bedroom floor plans. IPA’s Giovanni Napoli, Philip Assouad, Ryan Harmon, Nick Ruggiero and Anthony Palladino represented the San Francisco-based seller and …

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Joyfield-at-Lakeview-Antioch
Affordable HousingCaliforniaDevelopmentFinanceNewsWestern

Standard Communities Secures $53.1M for LIHTC Development Near San Francisco

by Lynn Peisner

ANTIOCH, CALIF. — Walker & Dunlop has arranged a $53.1 million loan for the construction of Joyfield at Lakeview Center, a Low-Income Housing Tax Credit (LIHTC) affordable housing community in Antioch, approximately 45 miles west of San Francisco. Standard Communities is the developer and borrower. Joyfield Lakeview Center consists of 233 units across seven three- and four-story buildings that will be reserved for tenants earning up to 30 or 70 percent of area median income. Amenities include a clubhouse, fitness center, business center, playground, courtyard and dog park. Completion is …

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Sunset-Apartments-San-Francisco
CaliforniaInvestment SalesNewsWestern

Marcus & Millichap Arranges $6.7M Sale of 28-Unit Property in San Francisco

by Lynn Peisner

SAN FRANCISCO — Marcus & Millichap has brokered the sale of 1275-1281 8th Ave., a 28-unit property in San Francisco. The property sold for approximately $6.7 million, or $237,500 per unit. Eymon Binesh and Gino Franco, investment specialists both in Marcus & Millichap’s San Francisco office, marketed the listing on behalf of the seller, a private family trust, and procured the buyer, a local value-add investor.  Binesh says the buyer plans to renovate all 28 units. Built in 1926, the 17,500-square-foot property is situated on a 0.27-acre parcel at the …

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The-Versailles-Los-Angeles
CaliforniaInvestment SalesNewsWestern

Marcus & Millichap Brokers $47M Sale of The Versailles in Los Angeles

by Lynn Peisner

LOS ANGELES — Marcus & Millichap has brokered the $47 million sale of The Versailles Apartments, a five-story, 78-unit community in Los Angeles. Tony Azzi and Rabbie Banafsheha of the Azzi Group of Marcus & Millichap represented the seller and procured the buyer. Neither party’s identity was disclosed. Constructed in 1989, The Versailles Apartments has a rooftop pool and deck, a fitness center, laundry facilities on every floor and two levels of subterranean parking. Apartments feature hardwood floors, granite countertops, stainless-steel appliances and dishwashers. Select units have washers and dryers.

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Estia-Roseville
Build-to-RentCaliforniaDevelopmentLeasing & MarketingNewsOperationsWestern

Zilber Opens BTR Project Northeast of Sacramento

by Lynn Peisner

ROSEVILLE, CALIF. — Zilber Residential Group and Homes by Towne, both affiliates of Zilber Ltd., have opened Estia Roseville, a 209-unit development approximately 20 miles northeast of Sacramento. The one- and two-bedroom single-story homes range from about 709 to 1,083 square feet, and each features a private entrance, walk-in closets, a washer and dryer, stainless-steel appliances and private, fenced-in backyards with built-in dog doors. The community also offers a dog park and a pet spa, along with a pool, clubhouse, 24-hour fitness center and a dedicated yoga studio. Asking monthly …

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Rowan-Denver
ColoradoDevelopmentNewsWestern

Formativ Breaks Ground on Luxury Component of Denver TOD

by Lynn Peisner

DENVER — Locally based Formativ Real Estate Group has begun construction of Rowan, a 358-unit, 16-story community at 3875 Walnut St. in Denver’s River North Arts District, commonly known as RiNo. Located adjacent to the 38th & Blake commuter rail station, Rowan is part of Formativ’s larger investment in the 38th & Blake transit-oriented development site, which also includes 3850 Blake, a 310-unit workforce housing community currently under construction, and a forthcoming 180-key hotel. Units at 3850 Blake are reserved for renters earning up to 60 or 90 percent of …

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Alta-Rise-Gilbert
ArizonaInvestment SalesNewsWestern

Wood Partners Sells Alta Rise in Gilbert, Arizona

by Lynn Peisner

GILBERT, ARIZ. — Institutional Property Advisors (IPA) has arranged the sale of Alta Rise in North Gilbert, Arizona. IPA’s Steve Gebing and Cliff David represented the seller, Atlanta-based Wood Partners, which developed the property, opening it in 2025. IPA also procured the unnamed buyer. The 278-unit community is a four-building property with a fourth-floor lounge and deck. Additional amenities include a speakeasy, a lawn with yard games and a firepit, a multipurpose field, pickleball courts and a resort-style pool and hot tub. Apartments feature walk-in closets with built-in shelving, kitchens …

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The-Hawthorne-Riverside
CaliforniaInvestment SalesNewsWestern

PCCP, Alliance Residential Buy The Hawthorne in Riverside, California, for $65.3M

by Lynn Peisner

RIVERSIDE, CALIF. — A joint venture between PCCP and Alliance Residential Co. has acquired The Hawthorne at 9170 Indiana Ave. in Riverside. An undisclosed seller sold the 184-unit property for $65.3 million. Situated on 6.7 acres and consisting of 16 three- and two-story buildings and one single-story amenity building, The Hawthorne was delivered in 2023 and is a garden-style community. The property offers a mix of one-, two- and three-bedroom floor plans averaging approximately 873 square feet. Amenities include a resort-style pool and hot tub with cabanas, multiple landscaped courtyards …

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Vegas-View-Flats-Las-Vegas
Affordable HousingNevadaNewsOperationsWestern

Stout Management Selected as Property Manager for Las Vegas Affordable Housing Development

by Lynn Peisner

NORTH LAS VEGAS, NEV. — Illinois-based Brinshore Development has selected locally based Stout Management Co. as property manager for Vegas View Flats, an affordable housing community at 620 W. Lake Mead Blvd. in North Las Vegas. The 76-unit property, currently in the lease-up phase, offers studios, one-, two- and three-bedroom apartments reserved for renters earning up to 50, 60 or 80 percent of area median income. Stout will oversee day-to-day operations, leasing, compliance and long-term management of the community.

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Mosa-Elk-Grove
Affordable HousingCaliforniaInvestment SalesNewsWestern

HVPG Buys Metro Sacramento Affordable Housing Property for $83.6M

by Lynn Peisner

ELK GROVE, CALIF. — Hudson Valley Property Group (HVPG) has acquired Mosa Apartment Homes, a 387-unit affordable housing community in Elk Grove, 14 miles south of Sacramento, for $83.6 million. Completed in 2025, Mosa is a 14-building, garden-style community offering a mix of unit types serving a broad range of household income levels. The property is structured across three Low-Income Housing Tax Credit (LIHTC) partnerships, each subject to its own regulatory agreement, that cover 100 percent of units, with HVPG acquiring the general partner interests in all three. Approximately 8 …

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