Los Angeles

➤➤ Join the GlobeSt.APARTMENTS (formerly RealShare) conference October 29-30 in Los Angeles. The event will analyze the opportunity in the emerging trends and conditions of the multifamily market. Don't miss out on joining the 1000+ of the industry's top owners, investors, developers, brokers and financiers as they gather for THE MULTIFAMILY EVENT OF THE YEAR! Click here to register and view the agenda.

CBRE's national loan an portfolio sale advisors have closed three consecutive portfolio sales of small balance multifamily and commercial mortgage loans for a total of $113 million. The portfolios show increased demand for performing loans and garnered interest from a diverse group of institutional investors, including life insurance companies, private equity funds, investment banks, and money center banks both domestic and international.

The first portfolio consisted of 114 mortgage loans secured by multifamily properties located across 30 states, with a total value of $50 million. The second portfolio consisted of 77 performing mortgages loans secured by multifamily and manufactured housing properties in 28 states, with a total value of $43 million. The third portfolio consisted of 38 performing mortgage loans secured by highly liquid and well-located multifamily and commercial properties throughout California, with a total value of $20 million.

Patrick Arangio and Jack Howard, based in CBRE's Midtown Manhattan office, and Kurt Altvater, based in CBRE's San Francisco office, exclusively advised three sellers—a leading California-based bank and two global private equity firms—on the respective portfolio sales.