San Diego-based Tower 16 Capital Partners has closed on a refinancing deal for a portfolio of multifamily properties in California and Arizona with fixed-rate loans. The deal comes as an outlook for the apartment industry shows volatility in the capital markets has decreased property values.
Tower 16 Refinances Four-Property Apartment Portfolio
Deal for $128 Million Covers Complexes Outside Los Angeles, Phoenix
By Jon Leckie
CoStar News
July 24, 2024 | 9:14 P.M.
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IN THIS ARTICLE
- Properties
- Ardella at Reche Ardella at Reche Canyon
1333 Reche Canyon Rd, Colton, CA
- Ardella at Reche Ridge
2270 Cahuilla St, Colton, CA
- Ardella on Chagall
13933 Chagall Ct, Moreno Valley, CA
- Ardella on 67th
6565 Bethany Home Rd, Glendale, AZ
- Companies
- Newmark
Real Estate