Western

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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Foxen multifamily panel
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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saratoga-San-Diego
CaliforniaInvestment SalesNewsWestern

Six-Unit San Diego Property Trades for $2.7 million

by Lynn Peisner

SAN DIEGO — Marcus & Millichap has arranged the $2.7 million sale of a six-unit community located on Saratoga Avenue in San Diego. Jamison Wheeler and Austin Huffman, senior directors of investments with the Zorbas Huffman Group at Marcus & Millichap, represented the buyer, Saratoga Beach Cottages LLC. The unnamed seller was represented by the Pacific Real Estate Center. The asset in the Ocean Beach neighborhood features six two-bedroom, one-bathroom cottages with four garages.

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Citra-Sunnyvale
CaliforniaFinanceInvestment SalesNewsWestern

JLL Arranges Sale, Loan for Silicon Valley Deal

by Lynn Peisner

SUNNYVALE, CALIF. — JLL Capital Markets has arranged the sale of and acquisition financing for Citra, a 147-unit community in Sunnyvale. JLL represented the undisclosed seller. The buyer was Prime Residential, a San Francisco-based multifamily owner and operator. JLL Real Estate Capital, a Freddie Mac Optigo lender, also provided a $44.2 million loan for Prime Residential. Citra, located at 745 S. Bernardo Ave., was developed in 1968 and renovated in 2019. The garden-style property is comprised of one- and two-bedroom units and includes such amenities as a half-acre, landscaped terrace …

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Allasso-Ranch
Affordable HousingArizonaDevelopmentNewsWestern

Dominium Buys Land for LIHTC Development Near Phoenix

by Lynn Peisner

BUCKEYE, ARIZ. — Dominium has acquired land in Buckeye, about 35 miles west of Phoenix, to develop Sidney Village. The property will offer 200 income-restricted townhomes, though rent caps were not disclosed. Specifically, Sidney Village will feature 100 three-bedroom and 100 four-bedroom homes designed as a mix of one- and two-story detached, duplex-style residences. WD Construction is the contractor. Amenities will include a clubhouse with workspaces, a fitness center, a pool with a sun deck, a central laundry facility, carports, electric vehicle charging stations and a private school bus shelter. …

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The-Becker
Affordable HousingCaliforniaDevelopmentNewsWestern

Wakeland Housing Breaks Ground on $140 Million Project at Riverwalk San Diego

by Lynn Peisner

SAN DIEGO — Wakeland Housing has started construction of The Becker, an affordable housing development within Riverwalk San Diego, a 200-acre planned mixed-use, transit-oriented project that includes 4,300 multifamily units, 430 of which will be affordable. Hines is the master developer on the project, which also includes 110 acres of parks, 1 million square feet of office space and 150,000 square feet of retail. The 190 units at The Becker will be reserved for tenants earning 60 percent or less of area median income, which is capped at $99,240 for …

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Kitt-at-Warner-Center
CaliforniaInvestment SalesNewsWestern

Waterton Acquires Former AMLI Asset in San Fernando Valley

by Lynn Peisner

WOODLAND HILLS, CALIF. — Waterton, a Chicago-based multifamily and hospitality investor and property manager, has acquired AMLI Warner Center in Woodland Hills. Terms of the deal were not disclosed. The property was developed in 2007 by AMLI Residential. The gated community, located at 21200 Kittridge St. in the San Fernando Valley, will be rebranded as The Kitt at Warner Center. Floorplans include one-, two- and three-bedroom homes. A small percentage of units have been updated, and Waterton plans to upgrade remaining units with new stainless-steel appliances, quartz countertops, new cabinet …

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