Media Coverage

The three apartment communities have a total of 1,194 units and were owned by the joint venture for almost three years. The portfolio reflected Roxborough’s primary investment strategy—focusing on workforce housing and the imbalances between low-cost housing and supply in areas where there is high job and net migration.

Presidio Residential Capital, Coastal Community Builders and Williams Homes are teaming up again to build almost 300 more homes in San Luis Obispo County.

San Diego-based Tower 16 Capital Partners has closed on a refinancing deal for its multifamily portfolio with fixed-rate loans. The deal covers more than 1000 units across the two states. "This will further de-risk our projects by extending our maturity schedule, reducing debt service and fixing the interest rate for five years," said Mike Farley, co-founder.

Multifamily investment firm SB Real Estate Partners (SBREP) continues to bet on the Phoenix market for its strong fundamentals. Its latest acquisition is Cantamar Apartments, a 180-unit garden-style apartment community in Glendale, Arizona, for $58.1 million.

The 167-unit Yardly McDowell is the firm’s first acquisition of a build-to-rent community, but its ninth overall property in Phoenix, a market where the company sees strong growth.

A total of 228 single-family homes making up the Brookside and Laurelwood developments are being built by San Joaquin Valley Homes. The homes start in the low $350,000's at Brookside and the low 400,000's at Laurelwood.