Moran and Company
all news
Acacia Capital Acquires Camino Real
Rancho Cucamonga, California – Acacia Capital has acquired Camino Real, a 272 unit garden-style community, from a joint venture between SARES•REGIS Group and institutional investors advised by J.P. Morgan Asset Management. This value-add opportunity closed on July-31 and was brokered by Tom Moran Jr. of Moran & Company’s California office who represented the seller in the transaction. 07.14.2015
1000 South Broadway Sells to Greystar
Denver, CO – National real estate developer, Fore Properties, has sold 1000 South Broadway, a 260-unit luxury apartment community in central Denver, CO to Greystar Real Estate Partners. David Martin and Pamela Koster, Mountain States Regional Partners of Moran & Company, represented the seller in the transaction. The sale closed on July 14th, 2015 for $64.6 million ($248,462 per unit). 05.26.2015
427-Unit CasaLago Eastlake Apartment Community Sells
Chula Vista, Calif. – An institutional buyer has purchased CasaLago Eastlake, a 427-unit, newly constructed apartment community in the sought after master-planned community of Eastlake in South San Diego. The seller, a joint venture between Resmark Apartment Living and ColRich Multifamily, was represented by Mike Murphy, a Director, and Mary Ann King, President, of Moran & Company. 10.21.2014
Park Place at Petworth Metro Sells to TA Associates Realty
WASHINGTON, DC – National real estate investor, Canyon-Johnson Urban Funds, has sold Park Place at Petworth Metro, a 161-unit luxury mixed-use apartment community in northwest Washington, DC to TA Associates. Randal Howard, Mid-Atlantic Regional Partner of Moran & Company, represented the seller in the transaction. The sale closed on October 6th, 2014 for $62 million ($385,093 per unit). 10.14.2014
American Realty Advisors Acquires The Millennium Del Rey
MARINA DEL REY, CA – National multifamily developer, The Dinerstein Companies, has sold The Millennium Del Rey, a 196-unit luxury apartment community in Marina Del Rey, CA to American Realty Advisors. 09.17.2014
Red Oak Investments Closes on Baker Street Apartments Site
COSTA MESA, CA – Red Oak Investments closed on the Baker Street Apartments site in partnership with CityView. “We are delighted to be in partnership with CityView, a premier equity partner with deep experience in both the capital side and the development side,” said Red Oak principal Joe Flanagan. 09.12.2014
Moran & Company Sells Waterstone at Murrieta
MURRIETTA, CA – Strata Equity Group has acquired Waterstone at Murrieta, an institutional grade garden-style community in Murrieta, CA from a joint venture between Silverado Canyon Partners and The Wolff Company. Thomas P. Moran of Moran & Company’s California office represented the seller in the transaction. The sale closed September 4, 2014. 08.22.2014
Wood Partners Sells Alta Warner Luxury Apartment Community in Woodland Hills, California
WOODLAND HILLS, CA – Wood Partners, one of the nation’s leading multifamily developers, has sold Alta Warner Center – a 298-unit luxury multifamily community in the Warner Center submarket of Los Angeles to an institutional multifamily investor. 06.24.2014
The Springs closes in Corona, CA
CORONA, CA—The Bascom Group LLC and certain funds managed by Oaktree Capital Management LP have structured a new venture to acquire $250 million in value-added multifamily properties throughout the US. The venture was launched with its first acquisition, the Springs Apartments, a 320-unit garden style community located at 650 Ebbcreek Dr. here in Corona, CA, which was purchased for $43.2 million. 06.20.2014
Parc Belmar Closes in Lakewood, CO
The Moran Mountain States team recently closed Parc Belmar (512 units) in Lakewood, Colorado. The transaction represents a value-add opportunity for the new owner within this Denver submarket. For further information about this deal and other opportunities within Colorado, please contact David Martin and Pam Koster. 02.17.2014
Ares Management and Thompson | Dorfman Sell Major San Francisco Multifamily Site
SAN FRANCISCO, CALIF. – KB Home has purchased a shovel-ready, 81-unit site at 2655 Bush Street in San Francisco's Lower Pacific Heights from Los Angeles-based investor Ares Management LLC and Mill Valley, CA-based multi-family developer Thompson | Dorfman Partners LLC, who 16 months ago bought the mixed-use site to build a high-end apartment community. Brett Betzler, director of Chicago, IL-based Moran & Company, represented KB Home in their off-market purchase of the property. The purchase price could not be disclosed.

Moran & Company is an industry leading, third party transaction services firm with a singular focus on the multifamily asset class, including mixed-use properties with predominant residential components. Its unmatched team of multi-disciplined senior partners and professionals is widely respected for providing leadership in complex sale and capitalization assignments at every point in the investment cycle.

Under the direction of founding partners Tom Moran and Mary Ann King, Moran & Company has handled the sale, capitalization or recapitalization of more than 127,000 apartments, representing $16 billion in value since its inception in 1994. Today, Moran operates throughout the United States from offices in Chicago, Dallas, Denver, Houston, Irvine, Phoenix, Seattle and Washington DC. Clients rely on Moran & Company for the breadth of our experience, the effectiveness of our customized execution strategies and the sophistication of our representation.

Unlike traditional brokerage firms, Moran is structured as a true partnership with each member of the firm incentivized to make the overall firm as successful as possible, thereby fostering absolute dedication to the provision of superior client service as the overarching goal of each Moran partner and employee.