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Terracina at Whitney Ranch in Rocklin, California
Affordable HousingCaliforniaDevelopmentNewsWestern

USA Properties Fund Delivers $104 Million Affordable Housing Project in Rocklin, California

by Channing Hamilton

ROCKLIN, CALIF. — USA Properties Fund has completed Terracina at Whitney Ranch, a $104 million affordable housing property in Rocklin, 21 miles northeast of Sacramento, California. Located at 801 University Ave., Terracina at Whitney Ranch offers 288 units for households that earn between 30 and 70 percent of the median income for Placer County, California. Apartments come in one-, two- and three-bedroom floor plans. Rents for one-bedroom units range from approximately $592 to $1,374 per month, depending on household income, while three-bedroom apartments range from $781 to $2,007 per month. Residents …

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ColoradoNewsOperationsPeople NewsWestern

Sentral Appoints Bobbie Norris, Heather Hadden as Vice Presidents

by Channing Hamilton

DENVER ­— Sentral, a Denver-based owner and operator, has hired Bobbie Norris to the role of vice president of client services. Norris will work with clients and Sentral’s operations team to streamline performance and ensure client satisfaction. Prior to joining Sentral, she held positions at Greystar and Camden Property Trust. Additionally, Sentral hired Heather Hadden as vice president of East Coast operations. She previously held vice president roles at South Oxford Management and Birchstone Residential.

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Ventana Residences in San Francisco
Affordable HousingCaliforniaFinanceNewsWestern

Partnership Receives $108.3 Million Loan for Recapitalization of Mixed-Income Asset in San Francisco

by Channing Hamilton

SAN FRANCISCO — Presidio Bay Ventures and American Realty Advisors have secured a $108.3 million loan for the recapitalization of Ventana Residences, a 193-unit community in San Francisco. Ventana Residences was built in 2023. According to the property website, the community offers studio, one-, two- and three-bedroom floor plans. Residents have access to amenities such as two roof deck lounges, a coworking hub with work-from-home spaces and conference rooms, indoor-outdoor fitness center, children’s playground, pet park, electric vehicle chargers, Wi-Fi connectivity and a package room. Gantry brokered the recapitalization, which …

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Rancho Vista Apartments in Ontario, California
CaliforniaInvestment SalesNewsWestern

Convenient Holdings Buys Property in Ontario, California, for $46.3 Million

by Channing Hamilton

ONTARIO, CALIF. — Convenient Holdings has acquired Rancho Vista Apartments, a 125-unit community in Ontario, roughly 40 miles east of Los Angeles. Clear Capital sold the asset for $46.3 million. Built in 1984, Rancho Vista Apartments features two- and three-bedroom floor plans. The average unit size is 1,022 square feet. Amenities include a pool, cardio and weight training center, picnic area with barbeque grills, gated access and on-site maintenance. Alexander Garcia, Kyle Pinkalla, Chris Zorbas, Kevin Green, Joseph Grabiec and Gregory Harris of Institutional Property Advisors, a division of Marcus …

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House Apartments in Eagle, Colorado
ColoradoFinanceNewsWestern

Brikwell Secures $7.5 Million Loan for Refinancing of House Apartments in Eagle, Colorado

by Channing Hamilton

EAGLE, COLO. — Brikwell has received a $7.5 million loan for the refinancing of House Apartments, a 54-unit property located at 85 Pond Road in Eagle, about 30 miles west of Vail, Colorado. Tony Nargi of JLL Capital Markets negotiated the 10-year, fixed-rate loan through Freddie Mac. JLL Real Estate Capital LLC, a Freddie Mac Optigo Lender, will service the loan. Completed in 1998 on 4.8 acres, House Apartments totals 27,838 rentable square feet. The elevator-served building rises three stories. Residents have access to amenities such as a laundry facility, community kitchen and work-from-home …

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Town Deer Valley in Phoenix
ArizonaInvestment SalesNewsWestern

Goodman Real Estate Purchases Community in Phoenix for $131 Million

by Channing Hamilton

PHOENIX — Goodman Real Estate has acquired Town Deer Valley, a 388-unit community in Phoenix, for $131.1 million. Built in 2024 on 18 acres, Town Deer Valley offers amenities such as a 5,900-square-foot clubhouse with arts and crafts room, poker room and sundry shop. Residents also have access to a 3,800-square-foot fitness center and a pool. The average unit size is 1,004 square feet. The seller was a joint venture between The Related Group and Rockpoint. Cliff David and Steve Gebing of Institutional Property Advisors, a division of Marcus & …

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Red Table Apartments in Gypsum, Colorado
ColoradoFinanceNewsWestern

Brikwell Secures $18.7 Million Loan for Refinancing of Property in Gypsum, Colorado

by Channing Hamilton

GYPSUM, COLO. — Brikwell has received an $18.7 million loan through Freddie Mac for the refinancing of Red Table Apartments, a 77-unit community located at 765 Red Table Drive in Gypsum. The property comprises 64,692 rentable square feet on a 3.6-acre site. Tony Nargi of JLL Capital Markets arranged the 10-year, fixed-rate loan, which will be serviced by JLL Real Estate Capital LLC, a Freddie Mac Optigo Lender. Built in 2009 and expanded in 2018, Red Table Apartments offers a mix of studio, one- and two-bedroom units. The three-story community …

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ArizonaInvestment SalesNewsWestern

Goodegg Investments Purchases 71-Unit Asset in Phoenix

by Channing Hamilton

PHOENIX, ARIZ. — Goodegg Investments has purchased North Edge Apartments, a 71-unit community in Phoenix, for an undisclosed price. According to Apartments.com, the property was completed in 1979 and consists entirely of one-bedroom units. Most of the apartments, as well as common areas, were renovated within the last 2 years. North Edge Apartments is the 38th multifamily community that Goodegg Investments has acquired since the company’s inception in 2018. The San Francisco, California-based firm now owns approximately 9,000 apartments, with roughly 4,500 currently under management.

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4117 E Concours St. in Ontario, California
CaliforniaDevelopmentFinanceNewsWestern

Adept Urban Development Receives $107 Million Construction Financing for Mixed-Use Development in Ontario, California

by Channing Hamilton

ONTARIO, CALIF. — Adept Urban Development has received $107 million in financing for the construction of a 384-unit community in Ontario, about 40 miles east of Los Angeles. The project is located at 4117 E Concours St., adjacent to the Toyota Arena, and will also feature 26,000 square feet of retail space. A development timeline was not disclosed. Stefen Chraghchian of Marcus & Millichap Capital Corp. arranged the financing through Affinius Capital and Bank OZK.

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Park 12 Apartments in San Diego
CaliforniaInvestment SalesNewsWestern

MG Properties Acquires Park 12 in San Diego for $309 Million

by Channing Hamilton

SAN DIEGO — MG Properties has acquired Park 12 Apartments, a 35-story high-rise property located in downtown San Diego, for $309 million. The property is situated adjacent to Petco Park, home of the San Diego Padres Major League Baseball team, within the Ballpark Village master planned community. Built in 2018, Park 12 offers a mix of studio, one-, two- and three-bedroom units, including penthouse units with exclusive access to a lounge on the 32nd floor. Shared amenities include pools with poolside event space, a fitness center, golf simulator and putting …

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