News

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 […]

The Firm Implemented a $2.6 Million Renovation During Two-Year Ownership Period COLTON, Calif./SAN DIEGO — San Diego-based Tower 16 Capital Partners has successfully sold The District at Grand Terrace, a 352-unit apartment project located in Colton, Calif. The property was originally purchased in 2019 for $63,050,000 and was sold this month for $88 million. During

Central Valley Developer Will Introduce Two New Home Communities  DELANO, Calif. – San Joaquin Valley Homes (SJV Homes) and Presidio Residential Capital recently closed on a parcel of land in Delano, a city in Kern County, California, to add another 281 Central Valley homes within two new single-family communities. Both neighborhoods will be located at

  Commercial Real Estate Investment Firm Plans to Spend Over $4 Million to Renovate the 201-unit Property TUCSON/SAN DIEGO — San Diego-based Tower 16 Capital Partners, in partnership with Drake Real Estate Partners, has acquired La Mirada Apartments, a 201-unit multifamily project in Tucson, Ariz. The property was acquired from a private seller in an

  Local Home Builder Plans to Open at Least Eight New Communities in the Central Valley This Year  VISALIA, Calif. – San Joaquin Valley Homes (SJV Homes) posted a record year in 2020, closing 513 homes, selling out three existing communities and starting construction on 485 new homes despite the challenges and restrictions of doing business

San Diego-based Private Equity Firm Continues to Focus on Western U.S. Residential Projects SAN DIEGO – San Diego real estate management company Presidio Residential Capital, along with its building partners, successfully sold 1,270 homes, closed 1,196 homes and acquired 17 new projects in 2020. It currently has 28 communities with active sales and a portfolio

  Currently a Christian Retreat and Conference Center, the Picturesque Campus is Well-maintained and Suited for a Variety of Purposes MURRIETA, Calif. – The historic Murrieta Hot Springs Christian Conference Center and Bible College Campus, a 43-acre campus with lodging and educational facilities in southwest Riverside County, is available for sale, according to Justin Esayian of

Strong Sales Encourage Developer to Build Additional Homes at Two Existing Communities  HANFORD, Calif. – San Joaquin Valley Homes (SJV Homes) and Presidio Residential Capital recently closed on a parcel of land in Hanford to add a total of 283 additional single family homes to two existing communities. Bonterra will gain an additional 184 lots, while

CCB and Williams Homes Each to Build Multifamily Project in San Luis Ranch SAN LUIS OBISPO, Calif. –  Presidio Residential Capital has announced its plan for a collection of 296 townhomes, condominiums and efficiency condos at The Orchard, a multifamily neighborhood in the highly anticipated mixed-use development of San Luis Ranch in southwest San Luis

  Commercial Real Estate Investment Firm Plans to Spend Close to $4 Million to Renovate the Property TUCSON, Ariz./SAN DIEGO — San Diego-based Tower 16 Capital Partners, in partnership with Drake Real Estate Partners, has acquired Sierra Vista Apartments, a 258-unit multifamily project in Tucson, Ariz. The property was acquired from a private seller in an