Western

LTC Acquires Two Seniors Housing Communities in Colorado, New Mexico for $73M

by Amy Works July 16, 2026

WESTLAKE VILLAGE, CALIF. — LTC Properties has acquired two seniors housing communities in Colorado and New Mexico from Harbert Management Corp. for a combined purchase price of $73 million. Offering both assisted living and memory care, the properties are the 69-unit MorningStar of Albuquerque and the 64-unit MorningStar of Wheat Ridge in Denver. MorningStar Senior Living will continue to manage the properties on behalf of the new ownership. Berkadia brokered the sale of the properties. LTC will own the communities as a senior housing operating portfolio (SHOP) properties. Since launching its SHOP platform in May 2025, the portfolio has grown to 36 properties, representing 34 percent of the REIT’s total gross real estate investments.

July 16, 2026

Acquisitions California Multifamily Western

Winstar Properties Purchases 205-Unit Apartment Complex in Los Angeles

by Amy Works July 16, 2026

LOS ANGELES — Winstar Properties has purchased The Flat, a 205-unit apartment complex located in the City West neighborhood of Los Angeles. Terms of the transaction were not released. Kevin Green, Joseph Grabiec and Gregory Harris of Institutional Property Advisors, a division of Marcus & Millichap, represented the undisclosed seller and procured the buyer in the transaction. Built in 1968, The Flat features 205 apartments. The property features a controlled-access entry system, modernized resident lounge, upgraded laundry rooms, new windows and a package receiving systems. Renovated apartments include built-in kitchenettes with modern fixtures, new cabinetry, quartz countertops and new refrigerators. Additionally, six of the renovated studio units are furnished.

July 16, 2026

Acquisitions California Office Western

Slatt Capital Arranges $12M in Acquisition Financing for Office Property in Rohnert Park, California

by Amy Works July 16, 2026

ROHNERT PARK, CALIF. — Slatt Capital has arranged $12 million in acquisition financing for a multi-tenant, 68,094-square-foot office building in Northern California. Located at 5900 State Farm Drive, the property was built in 1973. The Standard, a life insurance company lender, provided the nonrecourse loan, which features a structured staggered term and a 30-year amortization schedule. Sarah Armstrong and Daniel Friedeberg of Slatt Capital led the transaction, while Jonathan Siewert served as analyst.

July 16, 2026

Acquisitions Arizona Industrial Western

Martens Development Sells Two-Building Industrial Complex in Tolleson, Arizona

by Amy Works July 16, 2026

TOLLESON, ARIZ. — Phoenix-based Martens Development has sold Park 91, a two-building industrial complex in Tolleson, to AEW Capital Management, on behalf of a separate account client, for an undisclosed price. The facility was designed to accommodate a range of occupiers through modern specifications, adaptable layouts and high-capacity infrastructure that support logistics, distribution, light manufacturing and service-oriented operations. Will Strong, Michael Matchett, Molly Miller, Jack Stamets and Madeline Warren of Cushman & Wakefield represented both parties in the transaction. Cushman & Wakefield’s Gary Anderson and Nik Vallens provided leasing advisory services for the asset.

July 16, 2026

Acquisitions California Multifamily Western

CBRE Brokers $77.5M Sale of Apartment Community in Oceanside, California

by Amy Works July 15, 2026

OCEANSIDE, CALIF. — CBRE has brokered the $77.5 million sale of Sunterra, an apartment community located just north of Carlsbad in Southern California. An undisclosed buyer acquired the asset from 29th Street Capital. Rachel Parsons, Derrek Ostrzyzek, Mike Murphy and Kenji Thomas of CBRE represented the seller, while James Flinn and Justin Fitchett of CBRE Debt and Structured Finance provided debt and finance support for the transaction. Situated on 14.2 acres, Sunterra features 240 two-bedroom apartments with detached garages. Community amenities include a resort-style pool, fitness center, landscaped courtyards and outdoor gathering spaces. Approximately 70 percent of the units have been renovated. The property was built in 1975 and is located at 3851 Sherbourne Drive.

July 15, 2026

Kent-Valley-Distribution-Center-III-Kent-WA

Acquisitions Industrial Washington Western

BKM Capital Partners Acquires 401,000 SF Industrial Portfolio Near Seattle

by Amy Works July 15, 2026

TUKWILA AND KENT, WASH. — BKM Capital Partners has purchased a five-building, 401,000-square-foot industrial portfolio in metro Seattle. Terms of the transaction were not disclosed. Spanning 19 acres and offering 21 units, the portfolio includes Southcenter West Business Park, a three-building, 287,000-square-foot campus in Tukwila; Kent Valley Distribution Center III, a 50,450-square-foot facility in Kent; and a 64,000-square-foot asset in Kent. Built between 1973 and 1979, the properties feature 24-foot clear heights, 90- to 110-foot truck court depths, wet pipe sprinklers, LED lighting, “ample” parking and a mix of dock-high and ground-level loading. The portfolio has a 2.9-year weighted average lease term, with no more than 26 percent of net rentable area expiring in any given year. At the time of sale, the portfolio was 84 percent occupied. Brett Turner and Michael Grossner provided in-house representation for BKM, while Buzz Ellis of JLL Capital Markets represented the undisclosed seller in the deal.

July 15, 2026

Acquisitions Retail Washington Western

First Washington Realty Acquires 123,562 SF Retail Center in Bellevue, Washington

by Amy Works July 15, 2026

BELLEVUE, WASH. — First Washington Realty has acquired Evergreen Village, a 123,562-square-foot, grocery-anchored community shopping center located across Lake Washington from Seattle in Bellevue. Terms of the transaction were not released. Tenants include Safeway, Edgeworks Climbing, Puetz Golf Superstore and Starbucks Coffee.

July 15, 2026

Acquisitions Industrial Utah Western

ARKA Properties Groups Purchases 98,820 SF Industrial Building in Sandy, Utah

by Amy Works July 15, 2026

SANDY, UTAH — ARKA Properties Group has purchased a 98,820-square-foot industrial building in Sandy, part of the Salt Lake City metro area, from a Southern California-based private developer. Lucas Burbank, Jeff Heaton, Kyle Roberts and Kelsie Akiyama of the DRAY Logistics Group at Newmark Mountain West represented the buyer and seller in the deal. The sales price was not disclosed. The facility features 32-foot clear heights and 16 dock-high loading doors. At the time of sale, the property was fully leased to Pella Windows, NanoYield and Artisan Design Group. All tenants are signed to long-term leases through at least 2030.

July 15, 2026

Acquisitions California Multifamily Western

Bascom Group Acquires Value-Add Apartment Community in Buena Park, California for $53M

by Amy Works July 14, 2026

BUENA PARK, CALIF. — The Bascom Group has acquired Castlewood Park Apartments, a 183-unit value-add multifamily property in Buena Park, for $53 million, or $290,301 per unit. Brian Eisendrath, Cameron Chalfant, Jesse Zarouk and Jake Vitta of Institutional Property Advisors (IPA), a division of Marcus & Millichap, arranged acquisition financing for the deal through Brightspire Capital. Kevin Green and Joe Grabiec of IPA represented the undisclosed seller in the deal. AMC will provide property management services for the community, while SD-Cap will oversee the planned property renovations. Originally constructed in 1963, Castlewood Park Apartments features 183 two-, three- and four-bedroom apartments, averaging 1,028 square feet, with garages for each unit and private yards for approximately 60 percent of the residences. Situated on 8.7 acres, the community features 46 buildings, two pools and a leasing center. Bascom plans to renovate the property with interior renovations, amenity enhancements and the addition of full-time on-site management to further improve the resident experience.

July 14, 2026

Acquisitions Arizona Multifamily Western

StreetLights Residential Sells 320-Unit Apartment Community in Gilbert, Arizona

by Amy Works July 14, 2026

GILBERT, ARIZ. — Dallas-based StreetLights Residential has sold The Tyler, a 320-unit apartment community in Gilbert, to Camden Property Trust for an undisclosed price. Asher Gunter, Matt Pesch and Austin Groen of CBRE represented the seller in the deal. Situated within the Agritopia master-planned community, The Tyler features studio, one-, two- and three-bedroom units with stone countertops, custom cabinetry, wood-style flooring, 10-foot ceilings, dine-in kitchen islands, built-in desks, in-unit washers and dryers and private balconies. Community amenities include a resort-style pool with cabanas, spa and fireplaces, greenhouse-style coworking space and conference room, demonstration kitchen, outdoor entertainment paseo with grilling stations and media lounges, a fitness center, electric vehicle charging stations, bike storage and a pet wash station.

July 14, 2026

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