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The Village at Union Mills in Lacey, Washington
Investment SalesNewsWashingtonWestern

TMR Investments Purchases 182-Unit The Village at Union Mills in Lacey, Washington

by Channing Hamilton

LACEY, WASH. — TMR Investments has acquired The Village at Union Mills, a 182-unit community located at 8146 Sweetbrier Lane SE in Lacey, roughly five miles east of Olympia, Washington. The seller was not disclosed. The buyer plans to invest $4.1 million to execute a value-add strategy for the property. Planned renovations include updates to the fitness center, clubhouse and outdoor amenity spaces, as well as the addition of electric vehicle charging stations. Each apartment will also receive new stainless steel appliances, stone countertops and contemporary lighting and hardware.

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6744 Orizaba Ave. in Long Beach, California
CaliforniaInvestment SalesNewsWestern

CBRE Negotiates $2.4 Million Sale of Nine-Unit Property in Long Beach, California

by Channing Hamilton

NEWPORT BEACH, CALIF. — CBRE has arranged the $2.4 million sale of a nine-unit property located at 6744 Orizaba Ave. in Long Beach, 25 miles south of Los Angeles. Built in 1973, the building comprises 7,770 square feet across two stories. The community is situated on a 9,540-square-foot lot at the corner of Orizaba Avenue and East 67th Way. The unit mix includes one studio and eight two-bedroom apartments. The community also offer an on-site laundry facility and 10 single-car garages. The roof was replaced in 2017. Dan Blackwell, Trey Mitchell …

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The Gabriel in Pomona, California
CaliforniaInvestment SalesNewsWestern

CP Capital Sells 312-Unit Community in Suburban Los Angeles

by Channing Hamilton

POMONA, CALIF. — CP Capital has sold The Gabriel, a 312-unit apartment community in Pomona, approximately 30 miles west of Los Angeles. The property is situated at 2771 N. Garey Ave., adjacent to the Pomona North Metrolink Station. The buyer and sales price were not disclosed. The Gabriel was completed in 2022.  The four-story development offers apartments featuring stainless steel appliances, quartz countertops, plank flooring and smart home technology such as Honeywell Wi-Fi thermostats, community video intercoms, Brivo keyless entry in common areas and ButterflyMX virtual keys. According to Apartments.com, …

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Traer Creek Apartments in Avon, Colorado
ColoradoDevelopmentFinanceNewsWestern

JLL Capital Markets Arranges $73 Million Construction Financing for Traer Creek Apartments in Avon, Colorado

by Channing Hamilton

AVON, COLO. — JLL Capital Markets has arranged $73 million in construction financing for Traer Creek Apartments, a 242-unit development situated at 5471 East Beaver Creek Blvd. in Avon, about 1.5 miles from Beaver Creek Resort and 8.3 miles from Vail Ski Resort in Vail, Colorado. The borrower was a joint venture between Prime West and Columnar Investments. Leon McBroom and Will Haass led the JLL Capital Markets debt advisory team that represented the borrower. Once completed in 2026, Traer Creek Apartments will consist of three buildings that each rise …

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Daniel Berlind, CEO, Snappt
FeaturesMidwestNortheastOperationsSoutheastTechnologyTexasWestern

How Multifamily Owners Can Guard Against Renter Fraud

by Channing Hamilton

Scammers lurk in the background of virtually every industry, and the multifamily sector is no exception. Some renters will leap at the chance to exploit loopholes in the system and take advantage of unprepared landlords. “As a baseline definition, we classify rent fraud as any act of intentional deception by a renter to deceive the property owners to gain financial or personal benefit,” says Josh Albrechtsen, senior vice president and general manager of front office solutions at RealPage. “Fraud is evolving constantly. This is not a one-and-done problem solve. The …

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Switch in Colorado Springs, Colorado
ColoradoDevelopmentNewsWestern

Thompson Thrift to Develop 276-Unit Switch in Colorado Springs, Colorado

by Channing Hamilton

COLORADO SPRINGS, COLO. — Indianapolis-based Thompson Thrift will develop Switch, a 276-unit community situated within the Polaris Pointe development in Colorado Springs. Construction is slated to begin imminently, with first resident move-ins slated for fall 2025. Switch will feature one-, two- and three-bedroom apartments. The average unit size will be approximately 1,000 square feet. Planned amenities include a fitness center, pool, electric fire pits, a billiards and shuffleboard area, bike storage and workshop, outdoor entertainment kitchen, community-wide Wi-Fi, a conference room, dog park, pet spa and Starbucks coffee bar. The …

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CaliforniaInvestment SalesNewsWestern

CBRE Brokers $2.8 Million Sale of Two Properties in Santa Ana, California

by Channing Hamilton

SANTA ANA, CALIF. — CBRE has arranged the sale of two properties in Santa Ana, about eight miles southeast of Anaheim, California, in separate transactions. The combined sales price was $2.8 million. Both deals were completed with all-cash buyers. The first property is a fourplex located at 3720 South Marine St. The building traded hands for $1.6 million. Built in 1968, the community offers a mix of two- and three-bedroom units. The average apartment size is 1,088 square feet. The units are individually metered for gas and electricity and feature …

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212 15th St. in Huntington Beach, California
CaliforniaInvestment SalesNewsWestern

CBRE Arranges $3.9 Million Sale of Eight-Unit Property in Huntington Beach, California

by Channing Hamilton

HUNTINGTON BEACH, CALIF. — CBRE has arranged the sale of an eight-unit property at 212 15th St. in Huntington Beach, approximately 20 miles southwest of Anaheim, California. The asset traded hands for $3.9 million in a 1031 exchange. Dan Blackwell and Mike O’Neill of CBRE represented the seller, a local family trust, in the transaction. CBRE also procured the Orange County-based buyer. The 6,538-square-foot property is situated across a double lot. The community offers a mix of one- and two-bedroom units. Each apartment includes a private patio or balcony and …

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ArizonaInvestment SalesNewsWestern

Cushman & Wakefield | PICOR Brokers Sale of 41-Unit Sunnyslope Apartments in Tucson, Arizona

by Channing Hamilton

TUCSON, ARIZ. — Cushman & Wakefield | PICOR has negotiated the sale of Sunnyslope Apartments, a 41-unit property located at 150 E. Hardy Road in Tucson. The two-story asset was built in 1972 and offers amenities such as a laundry facility and a pool, according to Apartments.com. Urbana @ Oro Valley LLC acquired the community from Sunnyslope Apartments LLC for $5.6 million. Allan Mendelsberg and Joey Martinez of Cushman & Wakefield | PICOR represented the buyer and seller in the deal.

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125 16th St. in Huntington Beach, California
CaliforniaInvestment SalesNewsWestern

CBRE Arranges $8.7 Million Sale of 18-Unit Property in Huntington Beach, California

by Channing Hamilton

HUNTINGTON BEACH, CALIF. — CBRE has arranged the sale of an 18-unit property located at 125 16th St. in Huntington Beach, about 20 miles southwest of Anaheim, California.  The property totals 15,809 rentable square feet across six lots. Units come in one-, two- and three-bedroom layouts. Select apartments have ocean views and either a private patio or balcony. Amenities include a courtyard, sun deck, laundry facilities and an on-site manager. Dan Blackwell and Mike O’Neill of CBRE represented the seller, a local family trust, in the transaction. Additionally, CBRE represented …

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