Media Coverage
Rising to the Top
Tower 16 Refinances Apartments in California, Arizona for $128 Million
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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SB Real Estate Partners Remains Bullish on Phoenix
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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Tower 16 Capital Partners Buys Single-Family Rental Complex for $46.5 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.
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Grand Opening for Brookside, Laurelwood Homes Saturday
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.
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Continental Realty Group Acquires 232-Unit Community in Austin
Continental Realty Group, a Denver-based owner and operator, purchases 232-unit Wildcreek Apartments, its first acquisition in Austin, Texas.
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