DALLAS, TX – CMCT announced that it is expanding its multifamily portfolio with the plotted addition of 696 apartment units across three assets. The acquisitions advance CMCT s strategy to focus the portfolio on highly amenitized premier multifamily and creative office assets in dynamic, high barrier to entry markets.
CMCT intends to buy an interest in the 75-unit Parkview Apartments located at 1902 Park Avenue in the Echo Park neighborhood of Los Angeles. The transaction is anticipated to close in mid-February. Parkview Apartments is located adjacent to 1910 W. Sunset Blvd., an eight-tale creative office property that was bought by CMCT in February 2022.
In Oakland, CMCT is under contract to buy Eleven Fifty Clay, at 1150 Clay Street, a 16-tale apartment building offering 288 market-rate residences. The acquisition is anticipated to close in late March. On January 31, 2023, CMCT closed on the acquisition of Channel House, a 333-unit, eight-tale apartment building at 40 Harrison Street.
CMCT believes it has an attractive pipeline of multifamily development opportunities, representing over 1,500 units. CMCT intends to leverage its sourcing, distribution and development capabilities to grow its multifamily portfolio by making property level equity investments alongside co-investors. CMCT believes this asset-light approach, whereby CMCT may earn fee income and potentially a percentage of profits, is a compelling model for CMCT that will contribute to strong returns on invested capital.

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SALT LAKE CITY, UT – Los Angeles-based Orion Real Estate Partners announced that it has bought Lakeside Village, an active adult multifamily community in Salt Lake City, Utah. Lakeside Village enjoys picturesque views of the Wasatch Mountains and sits on a 7.7-acre site with desirable amenities including a clubhouse, community pond, resident garden and outdoor swimming pool and spa. Built in 1997, 100% of units are in classic condition and the property will undergo renovations to improve the property’s amenities and unit interiors.
Orion bought the property in partnership with Denver-based Headwaters Group and Atlanta-based Formation Development Group. The combined team will bring together deep operational knowledge and experience within the active adult space to deliver best in class services for the community.
This marks Orion’s third acquisition in Utah and 23rddeal overall since 2016, and the firm is focused on expanding its portfolio in Utah and other high growth western states. Salt Lake City was recently ranked as the #1 market in the country according to a CBRE research report and has outpaced the national average in both job and population growth, growing at over two times the rate according to data from the US Census Bureau.
Orion secured a fixed rate loan from CBRE’s San Diego Capital Markets team through Fannie Mae. Orion will utilize Salt Lake City-based property management company AMC, which currently manages over 1,200 units for Orion.

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SALT LAKE CITY, UT – Los Angeles-based Orion Real Estate Partners announced that it has bought Lakeside Village, an active adult multifamily community in Salt Lake City, Utah. Lakeside Village enjoys picturesque views of the Wasatch Mountains and sits on a 7.7-acre site with desirable amenities including a clubhouse, community pond, resident garden and outdoor swimming pool and spa. Built in 1997, 100% of units are in classic condition and the property will undergo renovations to improve the property’s amenities and unit interiors.
Orion bought the property in partnership with Denver-based Headwaters Group and Atlanta-based Formation Development Group. The combined team will bring together deep operational knowledge and experience within the active adult space to deliver best in class services for the community.
This marks Orion’s third acquisition in Utah and 23rddeal overall since 2016, and the firm is focused on expanding its portfolio in Utah and other high growth western states. Salt Lake City was recently ranked as the #1 market in the country according to a CBRE research report and has outpaced the national average in both job and population growth, growing at over two times the rate according to data from the US Census Bureau.
Orion secured a fixed rate loan from CBRE’s San Diego Capital Markets team through Fannie Mae. Orion will utilize Salt Lake City-based property management company AMC, which currently manages over 1,200 units for Orion.

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