SAN DIEGO—Portfolio included 52 apartment buildings in scattered-site neighborhoods located in northern San Diego. The properties were originally financed by 13 HUD-insured loans in 1998 and were subject to rent-restrictions associated with tax-exempt bond financing.
HILLSBORO, OR—The 902-kilowatt array features solar panels from SolarWorld. Strain Ranches unveiled its solar system this week, highlighting the natural synergy between domestic agricultural and solar production.
REDMOND, WA—Comples includes 290 independent living apartment and cottage-style private residential units, 56 assisted living studio units (including 16 memory care units), and a 61-bed licensed skilled nursing center.
SACRAMENTO and LA MESA, CA—Los Angeles-based real estate investment company, acquired a 21-unit multifamily property in La Mesa, CA and a 57, 254 square foot shopping center in Visalia, CA. Company has generated over the past year with eight acquisitions and renovations along with five dispositions.
SAN FRANCISCO—Affordable Housing Program (AHP) grants in from 2012 will support 72 projects in 11 states. Rep. Brad announced the grants and received the FHLBank San Francisco's prestigious "Friend of Affordable Housing Award" during a ceremony in Canoga Park.
LAS VEGAS—San Diego-based firm taps multifamily pro Kathy Relyea to lead office. First property is Boulder Palms Senior Apartments, a 183-unit, 84,084-square-foot residential community on 4.02 acres.
NEW CANEY, TX—Construction could begin in October on the theme park with the goal of a grand opening in March 2015, according to a report in the Houston Chronicle. Restaurants and hotels expected to follow in time.