Pacific Urban in the News
Read the latest multifamily industry news and stories coming from Pacific Urban Investors.
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Pacific Urban Investors Continues Growth in Denver Market. Seeks Additional Opportunities in 2023.
Multifamily owner-operator and investment manager Pacific Urban Investors (“Pacific”) continued growth in the Denver market in 2022, with the acquisition of Greenwood Plaza. The 266-unit Greenwood Plaza community marks Pacific’s third acquisition in the region. In total, at year end 2022, Pacific’s Mountain West portfolio consists of two properties totaling 464 units. The acquisition of […]
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$200M Sale of Westchester County Multi-housing Community Closes with Preferred Equity provided by Pacific Urban Investors
PUI’s Structured Finance Group announced today that it has provided Preferred Equity for the acquisition of Halstead Station, a 24-story, 408-unit luxury, high-rise multi-housing community located at the Metro North train station in New Rochelle, Westchester County, New York. JLL represented the seller, The DSF Group. Kholsa Capital LLC acquired the asset. Built in 2001, […]
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- Preferred Equity
Pacific Urban Investors Acquires Pacific Northwest Portfolio
Multifamily owner-operator and investment manager Pacific Urban Investors has acquired a nine-property, garden-style portfolio totaling 2,195 units in the Seattle and Portland metros. Three of the communities are located within the Seattle MSA and the other six in the Portland MSA. The acquisition expands Pacific’s Pacific Northwest portfolio to 4,915 units across 23 properties. The […]
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Pacific Urban Investors places 1st in Nation in GRESB
For the second year in a row, Pacific Urban Investors has placed number 1 in the nation in the 2022 Global Real Estate Sustainability Benchmarking (GRESB) rankings, which measure performance in ESG. In addition to the overall ranking of our multi-family residential portfolio, Pacific received a 5-star ranking for the 4th straight year recognizing the […]
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Pacific Urban Investors Announces 299-Unit Joint Venture with Intracorp Homes
Shoreline, WA, May 18, 2022 – Palo Alto-based Pacific Urban Investors has formed a joint venture with Seattle-based real estate developer Intracorp Homes for the development of Zinnia Apartments, a new four-building, 206,000 sq. ft. apartment community in Shoreline. Located at the intersection of 1st Avenue NE and NE 147th St within walking distance of the future […]
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Pacific Urban Residential Announces Merger with Affiliate Hanover Real Estate Investors
Multifamily owner-operator and investment manager Pacific Urban Residential (”Pacific”) and multifamily private equity investor Hanover Real Estate Investors (“Hanover”) announced a merger between the two firms. The combined company is to be named Pacific Urban Investors, LLC and will be headquartered in Palo Alto, CA with six regional offices located in Los Angeles, Irvine, Seattle, […]
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Pacific Urban Investors Announces Record Transaction Volume in 2021
Investment Firm’s goals for 2022 – Continued Growth in Transactions, Investment Platforms and Geographic Markets Driven by the synergies from the merger of Pacific Urban Residential and Hanover Real Estate Investors early in 2021, Pacific Urban Investors (“Pacific”) today announced record 2021 investment volume of $1.6 Billion. The firm’s 2022 goals project a continued growing […]
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Pacific Urban Investors Continues Eastern U.S. Expansion With Boston Acquisition
Multifamily owner-operator and investment manager Pacific Urban Residential has acquired Bell at Salem Station, a 266-unit apartment community in Salem, MA. The property will be renamed Sofi at Salem Station (the “Property”) and marks Pacific’s first acquisition in the Boston metro. Sofi at Salem Station is a 100% market-rate property built in 2002. The Property’s […]
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Pacific Urban Investors Continues East Coast Expansion
Multifamily owner-operator and investment manager Pacific Urban Investors (”Pacific”) announced today that it is continuing to expand its East Coast investment footprint to now include the Boston Metro market. Pacific’s Director of Capital Markets, Adam Fruitbine, will oversee the Boston expansion efforts. Pacific’s current East Coast effort, jointly led by Patrick Freydberg and Adam Fruitbine, […]
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Rory Gardner Named President of Pacific Urban Investors
20 year multifamily veteran, Rory Gardner, has been named President of Pacific Urban Investors (‘PUI’), effective July 1, 2020, announced firm co-founder Al Pace. Rory Gardner joined PUR in 1999, starting his career as an Analyst. Rising through the ranks, Rory contributed to PUI’s growth and expansion. Mr. Gardner has held roles as Southern California […]
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