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20-Unit Multifamily Property Trades Hands for $5M

2013-05-10 13:41:00| National Real Estate Investor

The 20-unit multifamily property at 421-425 Mission St. in South Pasadena, Calif. has sold for $5 million. The 15,392-sq.-ft. property was traded in an off-market transaction.read more

Tags: property hands trades multifamily

New $800M Fund To Target Multifamily in Underserved Communities

2013-05-09 13:54:00| National Real Estate Investor

Canyon Capital Realty Advisors and Citi have come together to starts a real estate fund that will focus on multifamily workforce housing in underserved communities throughout the United States. Over the next several years, the Canyon Multifamily Impact Fund will acquire and manage up to $800 million in apartment communities. Investments will be between $20 million and $90 million. read more

Tags: target communities fund 800m

Ground Breaks on 208-Unit Multifamily Project in the East Village

2013-05-09 13:50:00| National Real Estate Investor

OliverMcMillan and Capri Capital Partners have begun construction on The Lofts. Located a 688 13th St. in San Diego, the five-story residential building is on a two-year construction schedule. read more

Tags: project east ground village