Apartments
Apollo Takes Two-Thirds Stake in $2B, 7,059-Unit UDR Apartment Portfolio Through $1.34B Joint Venture
UDR is moving 19 apartment communities into a $2 billion joint venture in which Apollo-managed funds will invest $1.34 billion for a roughly...
Westwood Townhouses, a 42-Unit Hayward Apartment Community, Trades for $10.65MM After Multiple Offers
Westwood Townhouses, a 1960s-era gated townhome community on Hayward's Gading Road, closed at $10.65 million after a competitive bidding process, landing about 11...
View at Marin, a 254-Unit San Rafael Apartment Community, Sells in IPA-Brokered Deal
Institutional Property Advisors' Northern California team has closed the sale of View at Marin, a 254-unit garden community built in 1972 in north...
High Street Residential, Barings Announce Groundbreaking on 501-Unit Apartment Phase at Redwood City’s ELCO Yards
High Street Residential and Barings have started construction on two apartment buildings at Redwood City's ELCO Yards, moving the downtown district's long-delayed housing...
Prometheus Opens Leasing at Harken, Los Altos’ First New Apartment Project in Decades
Prometheus Real Estate Group has opened leasing at a 172-unit apartment complex on El Camino Real in Los Altos, finishing a project it...
Kennedy Wilson Buys 312-Unit One South Market Tower in Downtown San Jose for $176MM
One South Market sold at about 46.5 percent above Marcus & Millichap’s South Bay average per-unit price, while Yardi Matrix reports that only...
Interstate Equities Acquires 232-Unit The Dylan in Hercules for $83.5MM
Longtime West Coast apartment investor Interstate Equities Corporation has bought a 4-year-old waterfront apartment building in the Hercules Bayfront community, financing the purchase...
The 2nd Street LLC Acquires 39-Unit First Street Manor in San Jose for $9.1MM
A San Jose-based investor paid $9.112 million for a 78-year-old apartment building a block from the Japantown light rail stop, betting that value-add...
Essex Property Trust Lands $275MM Bank of America-Led Term Loan to Retire Commercial Paper
Essex Property Trust has lined up $275 million of unsecured bank debt led by Bank of America to retire short-term commercial paper, trading...
Property Reserve Buys 330-Unit Mountain View Apartment Complex for $296.7MM
The LDS Church's investment arm, Property Reserve, pays $296.7 million for the 330-unit Village Residences in Mountain View, just 1.6% above its 2019...
Rubicon Point Partners Buys 160-Unit Ansel Apartments in San Francisco’s Hayes Valley for $98.3MM
A Class A apartment tower that Newmark spent much of this year marketing as a rare fee-simple, core multifamily offering has traded for...
Tesseract Capital Group Sells 100-Unit Modesto Apartments for $26.6MM
An assumable HUD loan carrying a 3.8 percent rate helped drive a Southern California buyer to pay a Central Valley premium for The...
