Riverside and San Diego — February 10, 2022 — Interwest Capital Group today announced the $36 million purchase of Renew Riverside , a garden-style multifamily property located in Riverside CA. “The Riverside-San Bernardino market has one of the lowest vacancy rates in the U.S. The strong vacancy, robust demographic growth, the
The property is located in one of the most dynamic markets in the country. That growth is being driven by strong demographic and investment trends. We plan to initiate a renovation program for the units, as well as upgrade and expand the amenity package, including enhancements to the pool and
RSE Capital Partners (“RSE”) and Interwest Capital Group (“Interwest”) recently announced the closing of EVO Apartments, a newly-built rental community in Las Vegas, NV. Built-in 2018, the Class A property features top-notch amenities and ease of access to employment centers, major area thoroughfares and a mix of shopping, dining and
Interwest Capital Group has acquired Deerfield Apartments, a 256-unit multifamily property in Jacksonville, Fla. KCB Management sold the asset for $22.3 million. According to Yardi Matrix data, the sale was subject to a 10-year, $17.2 million Fannie Mae loan originated by Berkadia.
WGH Partners has sold The Lennox, a 100-unit luxury community in Las Vegas, to Interwest Capital Group for $20.6 million. RSE Capital Partners provided preferred equity capital for the deal, and Capital One originated $12.6 million in acquisition financing through Freddie Mac, according to Yardi Matrix. The fixed-rate loan matures
A historic Chicago hotel is getting new life—and its old name back. Oxford Hotels & Resorts, the Chicago-based hotel management and branding affiliate of Oxford Capital Group, is redeveloping, repositioning and rebranding the former Hotel Indigo Chicago Downtown as part of a $9-million renovation.