News

Buchanan Street Partners has acquired the 160-unit Pinnacle Fort Union community, located on the southern outskirts of Salt Lake City, as a value-add investment. Following the recent purchase of a 240-unit community in Denver’s Lafayette submarket, Buchanan Street Partners has acquired Pinnacle Fort Union, a 160-unit community on the southern outskirts of Salt Lake City, from RK Properties, for $31.8 million. The transaction represents Buchanan’s second recent purchase in the area, bolstering the company’s presence in in the Midwest.

Purchase of 160-unit Property Increases Buchanan’s Expanding Multifamily Investment Portfolio in Western U.S. Markets Newport Beach, Calif. and Salt Lake City, Utah (April 02, 2018) – Buchanan Street Partners, a Newport Beach, California based real estate investment management firm, has acquired a 160-unit multifamily property in the Salt Lake City community of Cottonwood Heights, Utah from RK Properties for $31.75 million. The purchase follows Buchanan’s 2017 acquisition of another Salt Lake City area property, a 298-unit apartment project, and signals the company’s expanding value add investment strategy in the multifamily sector in the Western U.S.

Purchase of 240-unit Luna Bella Apartments in Metro Denver’s Boulder Submarket Increases Buchanan’s Growing Multifamily Investment Portfolio Newport Beach, Calif. and Lafayette, Colo. (February 12, 2018) – Buchanan Street Partners, a Newport Beach, California based real estate investment management firm, has acquired Luna Bella Apartments, a 240-unit multifamily project in the Metro Denver community of Lafayette, Colorado. Buchanan Street purchased the newly-built Class A apartment community from Milestone Development Group for $60.25 million.

Buchanan Street Partners Purchases Recently Completed Luna Bella Community from Milestone A Lafayette apartment complex has sold for $60.25 million to a California firm in the first major apartment sale of the year for the area. Luna Bella, constructed in 2015 by Milestone Development Group, sold to Buchanan Street Partners, for $251,041 per unit.

Newport Beach, Calif. (December 11, 2017) – Buchanan Street Partners closed on a $20.8 million construction loan for Newhall Crossings, a mixed-use project with 47 apartment units and 20,164 SF of retail space in Santa Clarita, California. The project will anchor a significant redevelopment in historic Old Town Newhall, a walkable downtown district with plentiful dining and shopping opportunities in burgeoning Santa Clarita Valley.

Buchanan Street Partners have purchased a bank-owned multifamily project from Key Bank and Bank of the West. Cushman & Wakefield represented the sellers of the property, which is a partially completed, 298-unit, age-restricted apartment community in Herriman, Utah. Buchanan Street plans to carry out a $25m construction project on the property, bringing the total value to about $50m once completed.

Company to Complete Construction on Partially-Built Age-Restricted Housing Project in Salt Lake County, Utah Market Newport Beach, Calif. and Herriman, Utah (September 11, 2017) – Buchanan Street Partners announces the acquisition of a bank-owned REO, a partially completed 298-unit age-restricted apartment community in Herriman, Utah. This transaction represents a programmatic effort to expand the company’s multifamily investment portfolio, following the recent appointment of Executive Vice President Kevin Hampton to lead this effort.

Company to Invest in Capital Improvements to Upgrade Building to Meet Multi-Tenant Demand Newport Beach and Santa Clara, Calif. (May 8, 2017) – Buchanan Street Partners announces the acquisition of the Bayland Building, an office project located nearby Levi’s Stadium in Santa Clara, California. Buchanan Street purchased the building from Sleepy Hollow Investment Company for $32.3 million and will execute capital improvements to align the building with the growing live-work-play lifestyle in the area.

Buchanan Street Partners has purchased the Bayland Building near Levi’s Stadium in Santa Clara for $32.3 million, and its first order of business will be to upgrade the property with new amenities on-site and improved common areas, the company said Friday. The seller, Sleepy Hollow Investment Co., had owned the 116,000-square-foot building at 2953 Bunker Hill Lane for more than two decades before the transaction was finalized last week.