DB&R Marketing Communications

Investor demand for multifamily assets continue to grow in Southern California's Inland Empire

BH Properties, a Los Angeles-based real estate investment  company, has acquired a 120,191-square-foot suburban commercial office campus in Monterey Park, CA from Blue Shield of California in a $15 million sale/leaseback transaction.

Universe Holdings has acquired Woodland Manor, a 40-unit multifamily community in Ventura, CA, in an off-market transaction for $14.55 million.

TruAmerica Multifamily has acquired Cannon Oaks, a 230-apartment home community located just seven miles from downtown Austin. Completed in 2003, Cannon Oaks is located at 2302 E. William Cannon Dr.

TruAmerica Multifamily announced that Dr. Eryn Mack Legette has been promoted to Chief People Officer.

Rancho Mirage adds to TruAmerica's growing Texas portfolio which includes nine properties in Dallas/Ft. Worth, Houston and San Antonio.

Laguna Point Properties, a Southern California-based multifamily investment company, has acquired from an overseas investor, two apartment communities in Las Vegas totaling 708 units in an off-market transaction worth $129.7 million.

LA-based multifamily investment firm opens Charlotte, NC office to Manage Continued Growth in North Carolina and the Southeast

Pappas will be responsible for leading the firm's future fundraising efforts out of the new Chicago office.

Conversion of strugglling hotels will bring much needed housing to downtown Baltimore