Multifamily
Propositions 1 and 37 Put $36B Housing Bet Before Northern California Voters
The two measures on California's November ballot would authorize more than $36 billion in bonds to build affordable apartments and push middle-income renters...
Central Valley Multifamily Holds Steady as Construction Pipeline Swells 44%, Led by Bakersfield
The Central Valley's apartment market absorbed all of its renter demand within existing inventory during the second quarter as vacancy tightened and rents...
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...
Sacramento and the Central Valley Anchor a Region That Outgrew the Southeast, Hidden by State Lines
A Modesto-based investment manager has published a 21-year model of federal data that pulls California's 39 inland counties out of statewide averages and...
The Exit for the Rent-Capped Building
Prop 13 keeps him in. Rent control starves him. Prop 19 took away the ending he was counting on. There's a third door,...
TruAmerica Multifamily Acquires 200-Unit Bridges at San Ramon from Acacia Capital for $78MM
TruAmerica Multifamily paid roughly $78 million for Bridges at San Ramon, a 1987-vintage, 200-unit garden community beside Bishop Ranch, prying loose one of...
Ascentris, DM Development Close on 152-Unit 321 Florida in San Francisco’s Mission, Land $61.7MM PNC Construction Loan
The Denver-based private equity firm Ascentris and San Francisco developer DM Development have closed on 321 Florida and a $61.7 million PNC Bank...
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...
Keech Properties Buys 87-Unit Sunsweet Apartments for $45MM in Morgan Hill
Keech Properties buys the 87-unit Sunsweet apartments in downtown Morgan Hill for $45MM, above its $37.6MM development cost.
MidPen Housing Celebrates Framing of 71-Unit Cypress Point Affordable Community in Moss Beach
Nearly four decades after the site was first zoned for housing, MidPen Housing celebrated the framing of 71 affordable homes on San Mateo’s...
Tamalko Homes Secures $27MM in Tax Credits, Clearing Path for 54-Unit Affordable Project in Point Reyes Station
The partnership behind Tamalko Homes has assembled its final major financing piece — a $27 million federal tax credit award — positioning one...
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...
