Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced the sale of Capella at Rancho del Oro, a 284-unit multifamily asset in Oceanside, California. The property traded for $110 million, which equates to $387,324 per unit.
Since the start of economic calamity initiated by COVID-19, the multifamily sector has been one of two that has shown some resiliency in the market, and institutional investors have been raising funds to prepare for acquisitions. San Francisco-based FPA Multifamily is one of those firms.
A San Francisco investment firm has acquired McClurg Court Center, a 1,061-unit apartment complex in Streeterville, the biggest local multifamily deal of the year in a quickly recovering downtown Chicago market.
FPA Multifamily has sold Capella at Rancho del Oro, a 284-unit multifamily asset in Oceanside, Calif., for $101 million.
Hamilton Zanze has acquired the 204-unit 45Eighty Dunwoody Apartment Homes in Dunwoody, GA.
CGI+ Real Estate Investment Strategies, in partnership with a family office, has acquired a two-property, 712-unit multifamily portfolio in Atlanta from an FPA Multifamily affiliate in an off-market transaction for $144.75 million.
FPA Multifamily has sold a multifamily property in Sandy Springs, GA., to privately held multifamily real estate firm 29th Street Capital for $43.3 million.
The Los Angeles-based investment firm CGI Plus snagged a two-property portfolio in Atlanta as part of its plan to spend roughly $1 billion on apartments in the U.S. Southeast.
Congratulations! You have earned EPA’s ENERGY STAR for 1910 on Water, located at 1910 N Water Street, Milwaukee, WI 53202, for label year 2020. This property’s 1-100 ENERGY STAR Score is 100, meaning that it is more energy efficient than 100 percent of similar properties nationwide.