News Releases

Fundraise Exceeds Its Original Hard Cap SAN FRANCISCO — July 13, 2021 — The Roxborough Group, LLC, a private real estate investment firm, announces the final closing of its latest value-add fund, Roxborough Fund III, L.P. with capital commitments of just over $518 million, which is above the fund’s original hard cap. Fund III’s institutional […]

PHOENIX — Tower 16 Capital Partners has sold IVilla Garden Apartments, a 214-unit multifamily project in Phoenix, for $30 million. The property was purchased by Tower 16 in February 2020 for $15.1 million in an off-market transaction. The new buyer is Tides Equities, one of the largest apartment owners in the Phoenix market, who is

  Central Valley Developer Will Build 155 Single-Family Homes  TULARE, Calif. – San Joaquin Valley Homes (SJV Homes) and Presidio Residential Capital closed on a parcel of land in northeast Tulare, complementing its other two communities in the area, Kensington and Brighton. The new community called Cypress Park will consist of 155 single-family detached homes

   Local Valley Homebuilder Presents Lucky Homebuyer a Check for $2,500 at Greystone in Visalia, California  VISALIA, Calif. – San Joaquin Valley Homes (SJV Homes) announces it has closed its 2,500th home after fewer than eight years building homes in the Central Valley.

Commercial Real Estate Investment Firm Plans Significant Renovations at Both Properties COLTON/SAN DIEGO — San Diego-based Tower 16 Capital Partners has acquired a two-property multifamily portfolio consisting of 214 units in Colton, Calif., for $41 million. The 1333 Canyon project consists of 104 units built in 1986 while the Reche Ridge Apartments includes 110 units

 Commercial Real Estate Investment Firm Plans to Spend Close to $6 Million to Renovate the Properties San Diego-based Tower 16 Capital Partners has acquired a two-property multifamily portfolio consisting of 332 units in the greater Phoenix area for $55 million. Summerhill Place Apartments is in Glendale, Ariz., and consists of 232 units built in 1986.

Presidio Residential Capital, a San Diego-based real estate management company, announces that four of its California joint venture partners were named to Builder Magazine’s 2021 Next 100 list, the housing industry’s premier ranking of the nation’s most active homebuilders.

Tower 16 Capital Partners has sold Hillside Village Apartments, an 80-unit multifamily project in San Bernardino, for $16.5 million. The property was purchased in January 2019 for $11 million in an off-market transaction. Tower 16 recently sold another Inland Empire property, The District at Grand Terrace, for $88 million.

San Joaquin Valley Homes (SJV Homes) is thrilled to announce that a total of 173 homes have recently closed at the communities of Ashton Park in Visalia and Cambria in Porterville.

Commercial Real Estate Investment Firm Invested $10.3 Million in Renovations and Upgrades to the 1,165-unit Portfolio During its Two-and-a-half-year Hold Period San Diego-based Tower 16 Capital Partners, has sold a three-asset multifamily portfolio in Las Vegas, Nevada, for $182 million to an undisclosed buyer. The 1,165-unit portfolio was assembled by Tower 16 over the last