Media Coverage

This year, after months of studying the project at what he described as “a granular level,” Frank Middleton, the western regional director for Wood Partners, an apartment developer in Atlanta, gave the go-ahead for his company to buy City Walk for $5 million, a fraction of its projected cost. Shortly afterward, Wood Partners resumed work on the project, which is expected to cost a total of $55 million to finish and is being partly financed by a loan from the City of Oakland.

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INDIO, CA – Presidio Residential Capital has partnered with two other firms – Mana Investments and Touchstone Communities – to acquire Fiesta de Vida, a 656-acre master-planned community approved for 1,459 new homes on the edge of Palm Desert.

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The Admiral Capital Group, in partnership with USAA Realco, acquires value-add office, hotel, multifamily and retail properties valued between $15 million and $50 million. NBA Hall of Famer David Robinson and Dan Bassichis, a former executive with Goldman Sachs, founded the company.

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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.

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San Francisco Redux: High Density With A High-End Flair

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Tower 16 Capital Partners and Raith Capital Partners acquire 216-unit apartment community for well below today’s replacement rate. The partnership plans to invest $1 million in updates and rebrand to Obsidian on Glendale.

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Builder Trumark Homes Fills Its Pipeline to Build New Communities As the Housing Market Recovers. As part of a new generation of Homebuilders that are nimble, focused and unburdened by broken projects of the past, Trumark has ramped up quickly in anticipation of a market turn-around.

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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.

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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.

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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.

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