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Monte Alban Apartments in San Jose, California
Affordable HousingCaliforniaFinanceNewsWestern

JLL Capital Markets Arranges $30.2 Million Refinancing for Affordable Housing Community in San Jose, California

by Channing Hamilton

SAN JOSE, CALIF. — JLL Capital Markets has arranged a $30.2 million loan for the refinancing of Monte Alban Apartments, a 192-unit affordable housing complex located at 1324 Santee Drive in San Jose. Monte Alban Apartments was built in 1970 and renovated in 2006. The garden-style asset consists of 192 apartments across 12 buildings. Units come in one-, two-, three- and four-bedroom layouts. Amenities include a community room, laundry facilities, an exercise room, basketball court, two pools and two playgrounds. The community was fully occupied at the time of sale and provides …

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15741 Blaine Ave. in Bellflower, California
CaliforniaInvestment SalesNewsWestern

CBRE Arranges $5.6 Million Sale of 32-Unit Property in Bellflower, California

by Channing Hamilton

BELLFLOWER, CALIF. — CBRE has arranged the sale of a 32-unit property located at 15741 Blaine Ave. in Bellflower, located approximately 20 miles south of Los Angeles. The asset traded hands for $5.6 million, or $175,000 per unit. Built in 1955, the property is located on a 0.71-acre lot near the intersection of Blaine Avenue and Alondra Boulevard. The asset comprises 16,128 square feet of rentable space on a 0.71-acre lot. The gated community offers 31 one-bedroom units and a manager’s two-bedroom unit, as well as 32 parking spaces. Dan …

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888 Fourth St. Apartments in Santa Rosa, California
CaliforniaInvestment SalesNewsWestern

Interstate Equities Acquires 108-Unit Property in Santa Rosa, California for $38 Million

by Channing Hamilton

SANTA ROSA, CALIF. — Interstate Equities Corp. has purchased 888 Fourth St. Apartments, a 108-unit asset located in downtown Santa Rosa, from a private individual for $38 million. The community was roughly 50 percent occupied at the time of sale. The Interstate Equities investment team and Philip Saglimbeni of Institutional Property Advisors handled the all-cash transaction.

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Seaside Apartments in Santa Cruz, California
Affordable HousingCaliforniaInvestment SalesNewsWestern

Marcus & Millichap Brokers $45 Million Sale of Affordable Housing Community in Santa Cruz, California

by Channing Hamilton

SANTA CRUZ, CALIF. — Marcus & Millichap has arranged the sale of Seaside Apartments, an 84-unit affordable housing community in Santa Cruz. The asset traded hands for $45 million. Seaside Apartments was developed in 1983. The property includes five two-story residential buildings, as well as one single-story office and amenities building. Amenities include a children’s playground, barbecue and picnic area, laundry facilities and carports. The unit mix includes 16 one-bedroom residences that are 626 square feet, 52 two-bedroom apartments that are 626 square feet and 16 three-bedroom townhouse units that …

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FinanceNew MexicoNewsWestern

Dwight Mortgage Trust Provides $56.3 Million Bridge Loan for Madera Apartments in Santa Fe, New Mexico

by Channing Hamilton

SANTA FE, N.M. — Dwight Mortgage Trust, an affiliate REIT of Dwight Capital, has provided $56.3 million in bridge financing for Madera Apartments in Santa Fe. The borrower, Thrive Development, plans to use the funds to retire the existing construction debt and complete construction and lease-up of the property. Madera Apartments will consist of 218 townhome-style units across 20 two-story buildings. Residences will come in one-, two- and three-bedroom layouts. Units will feature patios or balconies, in-unit washers and dryers, walk-in closets and smart home technology. Planned amenities include a …

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The Quarry in Fort Collins, Colorado
ColoradoDevelopmentLeasing & MarketingNewsWestern

Thompson Thrift Opens 319-Unit The Quarry in Fort Collins, Colorado

by Channing Hamilton

FORT COLLINS, COLO. — Thompson Thrift has opened The Quarry, a 319-unit community in Fort Collins, roughly 65 miles north of Denver. The Quarry is situated on a 20-acre site at 1775 Ashlar Drive, near the main campus of Colorado State University. The Quarry features one-, two- and three-bedroom apartment units in three- and four-story buildings, as well as 10 single-family villa structures and detached garages. Units feature bar kitchens with quartz countertops, walk-in closets and full-size washers and dryers. Select units also feature fenced yards. Amenities include a clubhouse, …

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ArizonaFinanceNewsWestern

Greystone Arranges $14 Million Refinancing for Build-to-Rent Community in Tucson, Arizona

by Channing Hamilton

TUCSON, ARIZ. — Greystone has arranged a $14 million debt placement for the refinancing of Linda Vista Luxury Rentals, a 64-unit build-to-rent community in Tucson. The property was recently completed in 2024 and is currently in lease-up. Amenities include a pool and spa. The financing was provided by an undisclosed lender and includes a 36-month term. Shana Daby and Rebecca Reich of Greystone sourced the transaction. Thomas Wayda and Dante DiStefano handled the debt placement.

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Affordable HousingCaliforniaDevelopmentNewsSeniors HousingWestern

DHI Hellenic Apartments Completes Rehabilitation of Affordable Housing Community for Seniors in Sacramento, California

by Channing Hamilton

SACRAMENTO, CALIF. — DHI Hellenic Apartments L.P., a California-based limited partnership, has completed the renovation and rehabilitation of Hellenic Senior Apartments, an affordable senior’s housing property in the Pocket-Greenhaven area of Sacramento. Renovations included replaced roofs and siding, new energy-efficient systems and updates to common areas such as the clubhouse, leasing office and laundry facilities. All 70 units received new windows, sliding glass doors, energy-efficient appliances, dishwashers, modern kitchen cabinets and countertops. Fourteen units were upgraded to be fully ADA compliant, and several units received additional modifications to accommodate residents …

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ColoradoDevelopmentLeasing & MarketingNewsWestern

Thompson Thrift Opens 336-Unit Premier at West Park in Greeley, Colorado

by Channing Hamilton

GREELEY, COLO. — Thompson Thrift has opened Premier at West Park, a 336-unit complex in Greeley, roughly 60 miles north of Denver. Located at 3800 Centerplace Drive, Premier at West Park consists of 10 three-story buildings across 21 acres. Apartments come in one-, two- and three-bedroom layouts. Amenities include a clubhouse, pool, fitness center, outdoor game area, seating area with gas fire pits, dog park, pet spa with grooming station and pickleball court. The property also includes 133 detached garages. The first residents began moving in during the early summer …

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The Louisa in Portland, Oregon
Investment SalesNewsOregonWestern

JLL Capital Markets Arranges Sale of 242-Unit The Louisa in Portland, Oregon

by Channing Hamilton

PORTLAND, ORE. — JLL Capital Markets has arranged the sale and financing of The Louisa, a 242-unit community located at 123 NW 12th Ave. in Portland’s Pearl District. JLL worked on behalf of the undisclosed seller and procured the buyer, Guardian Real Estate Services and their capital partner. Additionally, JLL arranged the five-year, fixed-rate loan for the buyer. Ira Virden, Carrie Kahn and Frank Solorzano led the JLL Capital Markets investment and sales advisory team. Casey Davidson and Charlie Watson spearheaded the Debt Advisory team. The Louisa was constructed in 2005. The community …

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