SANTA CLARITA, CA – Harbor Group International and Azure Partners announce their joint venture for the acquisition of Jefferson Vista Canyon, a 480-unit, Class A apartment community in Santa Clarita, Calif. HGI and Azure bought the property from JPI. JLL brokered the transaction and arranged a $173 million floating rate loan on behalf of HGI and Azure.
The Jefferson Vista Canyon Apartments are part of a 185-acre, mixed-use master-plotted development, designed to offer residents convenient and walkable access to employment, recreation and entertainment options. At completion, the development will feature 650,000 square feet of office space and 165,000 square feet of retail, and will include an 11-acre park and direct access to 10-miles of hiking and walking trails. The City of Santa Clarita will construct a bridge across the Santa Clara River connecting the development with Soledad Canyon Road, providing an essential access point to complement the expected increase in resident and visitor density to the micro-location.
The community is centrally located and easily connects residents to major employment and lifestyle nodes within the Santa Clarita Valley, the neighboring San Fernando Valley and throughout Greater Los Angeles via Route 14 and I-5. The property offers an embedded Metrolink commuter rail and bus transfer station, which will provide residents additional modes of access to major employment and entertainment centers in Greater Los Angeles. The Santa Clarita region is proximate to a range of employers within aerospace and defense, medical devices and biotech, advanced manufacturing, digital media and entertainment and information technology.
“The Jefferson Vista Canyon community provides the accessibility, convenience and connectivity today’s residents are seeking,” said Richard Litton, President, HGI. “This acquisition highlights HGI’s investment strategy of acquiring properties in well-located, dynamic markets with strong employment fundamentals. We look forward to expanding our footprint in Southern California.”
Bryant Ferber, Azure’s Managing Director and Head of Acquisitions added, “We are excited to announce our first acquisition in California, and expect this transaction to serve as a springboard to more opportunities in the western United States as we seek to expand our presence in the region. Jefferson Vista Canyon aligns perfectly with our core investment strategy to buy best-in-class assets in submarkets with strong growth trajectories.”
The JLL Capital Markets team representing the seller was led by Managing Director Peter Yorck and Director Nick Lavin. The JLL Capital Markets Debt Advisory team representing the borrowers was led by Managing Directors Brandon Smith, Annie Rice and Jamie Leachman.
“This luxury asset had a tremendous lease up over the past twelve months and will soon reach stabilization, demonstrating strong renter demand for this product and location,” said Yorck. “The sale of Jefferson Vista Canyon indicates continued robust investor interest in more suburban pockets of Los Angeles County, such as Santa Clarita.”
Built in two phases from 2020 to 2021, Jefferson Vista Canyon features contemporary finishes and desirable amenities unique to other communities in the area, including resort-style pools and a rooftop deck. Interior units include a mix of studio, one-, two- and three-bedroom layouts.
Jefferson Vista Canyon adds to HGI’s Southern California multifamily portfolio and marks the firm’s seventh multifamily investment in the region.

Powered by WPeMatico

PETERSBURG, FL – Stoneweg US, a real estate investment firm specializing in multifamily acquisitions and developments, announced the acquisition of Waterview Echelon City Center Apartments, a 226-unit, high-rise apartment complex located in the highly desirable Carillon Business Park area of St. Petersburg, FL.Waterview marks the 12th and final acquisition for the Company in 2021, and its 3rd acquisition in the Tampa/St. Petersburg MSA, where the Company is located.
“Waterview is a huge win for the Stoneweg US team in terms of diversification and growth. It’s the first high-rise community in our portfolio, offering sophisticated, Class-A living in one of the most robust markets in terms of relocation and jobs in the U.S.,” said Ryan Reyes, Chief Investment Officer for Stoneweg US. “The fact that it’s in our hometown is an added bonus, and we’re thrilled to deliver another fantastic deal to our SW Fund I investors.”
Waterview Apartments, which opened its doors earlier this year, is located in the Echelon City Center of St. Petersburg, providing simple access to all major highways, downtown St. Petersburg, renowned Tampa Bay area beaches and 20 minutes from the larger and neighboring Tampa MSA.
The 226-unit, 15-tale tower features best-in-class amenities including a posh mid-level skyline pool, full-service fitness center with top-notch equipment, and a chic 7th floor lounge and clubhouse equipped with a variety of entertainment and business facilities for residents. Available units are perfectly designed in varying layouts all offering floor-to-ceiling windows in living rooms and bedrooms, washer and dryer combos, and kitchens boasting high-end stainless-steel appliances, quartz countertops and subway tile backsplashes.
Developed as a mixed-use residence, the property also features premiere retail space, which Stoneweg US did not buy but believes will benefit from the seller’s plot to develop the surrounding retail space with a hotel, office space and additional retail. Bozzuto Management will serve as the property manager for Waterview Apartments.
“Over the last two years, we have seen the Tampa Bay market emerge as a clear winner in the migration trend. Due to this along with a limited supply pipeline and the future development plans within Echelon City Center, we believe that Waterview is well-positioned to be a successful investment,” said Mike Cacciatore, Director of Acquisitions for Stoneweg US.

Powered by WPeMatico

DENVER, CO – MG Properties Group, a private San Diego-based real estate investor and operator, is further expanding its Denver presence, announced the acquisition of 3300 Tamarac Apartments.
Located in the Hampden neighborhood of Denver, the 564-unit community offers an ideal location within walking distance to a variety of shopping and dining hot spots, as well as several parks and recreation opportunities. Proximity to major freeways and thoroughfares connects residents to the larger Denver metro and beyond. 3300 Tamarac offers a seamless commute to the downtown core, while still having the comforts of a suburban location.
“MG is delighted to add 3300 Tamarac to our portfolio,” said Mark Gleiberman, MG Properties Group’s Founder & CEO,” which further scales our Denver presence. We believe this submarket is ideally positioned to benefit from Denver’s continued growth.”
The seller, Gelt Inc., was represented by David Martin and Brian Mooney of NorthMarq, Financing was led by NorthMarq’s Scott Botsford and Joe Giordani.
3300 Tamarac is the first community bought by MG Properties Group in 2022. MG Properties is continuing to target further acquisitions in Washington, Oregon, California, Arizona, Nevada, Utah, Colorado, and Texas.

Powered by WPeMatico