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Willamette-Tower-and-The-Olivia
FinanceNewsOregonWestern

JLL Arranges $169.7 Million ReFi for JV Owners of Two Portland Assets

by Lynn Peisner

PORTLAND, ORE. — JLL Capital Markets has arranged a $169.7 million, three-year bridge loan provided by TPG Real Estate Credit, the real estate finance arm of alternative asset management firm TPG. The borrowers are a joint venture between Alamo Manhattan and Diamond Realty Investments, and the funds will be put toward debt on Willamette Tower and The Olivia in Portland’s South Waterfront submarket. Willamette Tower, built in 2024, is a high-rise community that includes 340 units and 3,777 square feet of commercial space. The tower is currently 94 percent leased. …

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Charbern-Seattle
Investment SalesNewsWashingtonWestern

JV Acquires Portfolio in Downtown Seattle for $35.2 Million

by Lynn Peisner

SEATTLE — Vista Investment Group and Sky Alps Capital have acquired a three-property, 215-unit portfolio in downtown Seattle for $35.2 million. The seller was an unnamed local investor and property manager who owned the buildings for about 30 years. JLL arranged a Freddie Mac loan for the buyers. The seller was represented by Dylan Simon, Jerrid Anderson, Matt Laird and JD Fuller of the Seattle office of Kidder Mathews. The portfolio consists of three properties, all of which were developed in the early 20th century and are located within a …

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Pacific-Trails-Covina
CaliforniaInvestment SalesNewsWestern

The Mogharebi Group Arranges $21 Million SoCal Sale

by Lynn Peisner

COVINA, CALIF. — The Mogharebi Group has arranged the $21 million sale of Pacific Trails, representing the seller, RPK Development, in the deal. The buyer is a Los Angeles-based private investment firm. Pacific Trails, located in Corvina, 22 miles east of Los Angeles, is an 84-unit community built in 1977. It features a mix of one- and two-bedroom units and such amenities as a pool, hot tub and fire pits.

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Pico-Blvd
CaliforniaDevelopmentInvestment SalesNewsWestern

CBRE Arranges $24 Million West L.A. Land Sale

by Lynn Peisner

LOS ANGELES — CBRE has arranged a $24 million land sale in West Los Angeles. The 1.7-acre multifamily development site, located at 9700-9740 W. Pico Blvd., was acquired by an LLC doing business as Pico BWB. The site is approved for the development of up to 200 apartments. The seller was not disclosed. CBRE’s Melinda Russell and Josh Samuels represented both parties in the transaction. The site is within walking distance of Century City and adjacent to Beverly Hills in the Beverlywood neighborhood.

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4909-W-Joshua-Rd-Chandler-AZ
ArizonaInvestment SalesNewsWestern

Colliers Arranges $109.5 Million Sale of Country Brook Apartments in Chandler, Arizona

by Lynn Peisner

CHANDLER, ARIZ. — Colliers has arranged the $109.5 million sale of Country Brook Apartments in the Phoenix suburb of Chandler. Cindy Cooke, Brad Cooke, Chris Roach and Matt Roach of Colliers handled the sales transaction for the undisclosed seller and undisclosed buyer. Luke Donahue and Patrick O’Donnell of Colliers Mortgage coordinated acquisition financing. Located at 4909 W. Joshua Blvd., Country Brook Apartments offers 396 units, averaging 963 square feet, spread over 32 one- and two-story buildings. Amenities include three resort-style pools, two hot tubs, an outdoor kitchen with outdoor TVs, …

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The-Commodore-National-City-CA
CaliforniaInvestment SalesNewsWestern

Gelt Venture Partners Buys Metro San Diego Asset for $40 Million

by Lynn Peisner

NATIONAL CITY, CALIF. — Gelt Venture Partners has acquired The Commodore, a 92-unit property in the San Diego suburb of National City, for $40 million. Built in 2024, The Commodore comprises six three-story buildings with a mix of floor plans that includes studios, one- and two-bedrooms with select units featuring two-story and loft-style layouts. At the time of sale, the property was 96 percent occupied. Units feature in-unit washers and dryers, quartz countertops, tile backsplashes, stainless steel appliances and private balconies. Amenities include a resort-style pool and a hot tub, …

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FeaturesFinanceIndustry ContentMidwestNortheastOperationsSoutheastTechnologyTexasWebinarWestern

Webinar: From Sunk Costs to Strategic Savings — Risk and Insurance Plays to Strengthen Your Multifamily Portfolio

by Sarah Daniels

The August 6 webinar “From Sunk Costs to Strategic Savings — Risk and Insurance Plays to Strengthen Your Multifamily Portfolio,” sponsored by Foxen, explored practical ways for multifamily owners and operators to address one of their largest cost concerns in 2025: insurance.  Industry experts detailed the risks of tenant-caused property damage, the operational challenges of monitoring renters insurance and the benefits of structured compliance programs. Viewers learned about property damage liability waiver programs and tenant legal liability (TLL) policies in protecting owners from uninsured losses. The panel also discussed the …

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ZMR Hanley Place
ArizonaFinanceFloridaGeorgiaNewsSoutheastWestern

ZMR Lands $230 Million Debt-Equity Refinancing

by Lynn Peisner

TAMPA, FLA. — ZMR Capital, a Tampa-based multifamily investment firm founded by Zamir Kazi, has secured $230 million to refinance a portfolio of 1,600 units across Florida, Georgia and Arizona. The financing includes equity from an institutional joint venture and a five-year, fixed-rate Fannie Mae loan. ZMR will complete gradual renovations to each property during its hold period. Henry Stimler and Ricky Warner of Newmark represented ZMR Capital in the transaction. The portfolio includes four properties in Tampa, one in Atlanta and one in Phoenix.

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The-Venue-at-Orange
CaliforniaInvestment SalesNewsWestern

Sentinel Real Estate Buys Inland Empire Community for $148.4 Million

by Lynn Peisner

REDLANDS, CALIF. — Institutional Property Advisors (IPA) has arranged the $148.4 million sale of The Venue at Orange, a newly built, 328-unit property in Redlands, 62 miles east of Los Angeles. The sales price equates to $452,439 per unit. The seller, California-based LuxView Properties, developed The Venue at Orange in 2023. The buyer was New York-based Sentinel Real Estate Corp. IPA’s Chris Zorbas, Kevin Green, Joseph Grabiec, Kyle Pinkalla, Alexander Garcia Jr. and Gregory Harris represented the seller and procured the buyer. The community comprises seven three-story buildings with gated …

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Canyon-Reserve
ColoradoFinanceNewsWestern

Mesa West Sponsors $52 Million ReFi Loan for Metro Denver Asset

by Lynn Peisner

WESTMINSTER, COLO. — Mesa West Capital has provided an affiliate of Crow Holdings Capital with a $52 million loan to refinance debt on Canyon Reserve at the Ranch. The 256-unit, garden-style property is located 12 miles north of Denver in Westminster. The 17-building Canyon Reserve at the Ranch was developed in 1984 and fully renovated in 2022. Units are comprised of a mix of one- and two-bedroom floor plans. Amenities include a resort-style pool, grills, a fitness center and a dog park.

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