News

Tower 16 Capital Partners Acquires a Two-Property, 214-Unit Multifamily Portfolio in the Inland Empire for $41 Million

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

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Tower 16 Capital Partners Acquires a Two-Property, 332-Unit Multifamily Portfolio in Phoenix for $55 Million

 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.

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Tower 16 Capital Partners Announces the Sale of Hillside Village Apartments for $16.5 Million

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.

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Tower 16 Capital Partners Sells Three-Asset Las Vegas Apartment Portfolio for $182 Million

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

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Tower 16 Capital Partners Sells The District at Grand Terrace in Colton, California, for $88 Million

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

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San Joaquin Valley Homes and Presidio Residential Capital Close on Land in Delano, Calif.

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

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Tower 16 Capital Partners, in Partnership with Drake Real Estate Partners, Acquires La Mirada Apartments in Tucson, Arizona

  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

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