HFF closes $220 million in multi-housing sales in Southern California

 IRVINE, CA - HFF  has closed the sale of four multi-housing communities totaling 1,123 units and $220 million in Southern California.  The properties include: 416 on Broadway in Glendale, The Hills at Valencia in Valencia, Waterstone Carlsbad in Carlsbad and Emerald Ridge in Hacienda Heights.

The HFF investment sales team was led by Sean Deasy (top right photo), co-head of the firm’s national multi-housing investment sales group.  All four transactions closed within the last 45 days.  Individual property and sale details are included below: 

416 on Broadway , 412 E. Broadway, Glendale, 115 units, closed  2/20/2010.

The Hills at Valencia (middle left photo), 28100 Smyth Drive, Valencia, 208 units, closed 1/5/2011

 Waterstone Carlsbad (middle right photo), 2320 Via Clemente, Carlsbad, 450 units, closed 1/6/2011

 Emerald Ridge, 2401 S. Hacienda Blvd, Hacienda Heights, 350 units, closed  2/1/2011

“These recently closed transactions signify the diversity and depth of HFF’s national multi-housing investment sales group’s reach throughout Southern California,” said Deasy. 

Further demonstrating HFF’s expanding multi-housing platform in the West, the firm announced that it has been hired as the exclusive listing agent by a Southern California-based operating partner and New York-based private equity firm to market the Oasis at Waipahu), a 406-unit townhome community, 16 miles northwest of Waikiki in Oahu, Hawaii.  Offers are due in late February.

Contacts:                      

Sean P. Deasy, Ca. Lic. # 00914616, HFF Senior Managing Director 

Co-Head National Multi-Housing IS Group,  (949) 253-8800, sdeasy@hfflp.com

Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500

krmurphy@hfflp.com