Oakland, CA – Moran & Company brokered the sale of Baxter on Broadway, a new 130-unit apartment community in Oakland, CA. The sale closed March 31, 2020, and was the result of a joint effort between Moran & Company’s Pacific Northwest team, led by partner Jeff Williams and director Tim Brown, and the firm’s San...
San Diego, CA – October 9, 2019 – Barings LLC (“Barings”), one of the world’s largest diversified real estate investment managers, on behalf of institutional investors announced today the acquisition of Alexan Millenia (the “Property”). The Property is a 309-unit, luxury multifamily community located south of San Diego in Chula Vista,...
Vista Realty Partners and Fairfield Residential have completed a more than $70 million portfolio deal that preserves hundreds of metro Atlanta affordable apartment units. Fairfield Residential Co. bought two properties, Longwood Vista near Doraville and Lakeside Vista in Kennesaw, for just under $71 million, or about 114,000 per unit. Both...
Moran & Company Adds New Directors in California and Chicago Chicago, IL – Moran & Company has increased its brokerage capacity in the Western and Midwestern United States with the hiring of new Directors in southern California and Chicago. Rachel Parsons joined Moran’s Irvine office on January 3rd. Prior to joining Moran, she...
Romel Enterprises has bought 888 San Mateo, a 160-unit apartment community in San Mateo, for an undisclosed amount. Moran & Co. partner Brett Betzler, who represented the seller, said the property was one of the most sought-after multifamily assets on the Peninsula. “Assets of this size and vintage are typically held by long term owners,...
Houston Multifamily Trends & Observations – Mid-Year 2018
DFW Multifamily Trends & Observations – Mid-Year 2018
LOS ANGELES, CA – TruAmerica Multifamily in partnership with capital partner ASB Real Estate Investments on behalf of its Allegiance Real Estate Fund, has acquired Corte Bella, a 251-unit multifamily community in the Orange County city of Fountain Valley, CA for $85.8 million. This is TruAmerica’s second significant Orange County investment...
Atlanta Market Overview – July 2018
Concord, CA – Klingbeil Capital Management has sold The Summit at Lime Ridge —a 120-unit apartment community at 1070 San Miguel Rd, Concord, CA to New Standard Equities. Brett Betzler, a partner in the Moran & Co. San Francisco, and Kaohu Berg-Hee, a senior associate at Moran & Co. San Francisco, represented the seller in...
Houston Multifamily Trends & Observations – 1st Quarter 2018
DFW Multifamily Trends & Observations – 1st Quarter 2018