PUR IN THE NEWS

PUR Acquires Seven Apartment Communities, Sells Others

September 30, 2015

PUR announced it recently acquired seven multifamily communities totaling nearly 1,200 units and $270M in separate transactions, building on its current $2.2 Billion portfolio.

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Pacific Urban Residential Buys 218-Unit Apartment Building in Concord

June 24, 2015

PUR acquired the 218-unit Sterling Cove Apartments located in Concord, CA.  This transaction is the fourth East Bay acquisition that Pacific Urban has conducted in less than twelve months.

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Pacific Urban Residential Reaches Sustainability Milestone

January 23, 2015

PUR has completed the first round of energy retrofits across its Southern California portfolio of multifamily properties.

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Pacific Urban Residential Sees Growth in Vintage Apartment Strategy

January 19, 2015

Pacific Urban Residential is now in the middle of a major growth pattern for the company through the acquisition of what it calls vintage apartment properties.

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Pacific Urban Residential Closes Out Growth Year

January 19, 2015

Active Multifamily investor Pacific Urban Residential is reflecting on a year of unprecedented growth.

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Pacific Urban Residential Sells Vesper Apartments

November 24, 2014

Pacific Urban Residential has sold Vesper Apartments in Seattle to Saratoga Capital

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Pacific Urban Residential Acquires Park Towers in Palo Alto

August 13, 2014

Pacific Urban Residential acquires 90-unit Park Towers apartments in Palo Alto, which is walking distance to University Avenue (downtown Palo Alto) and Stanford University.

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PUR Acquires Carlsbad, California Apartments

January 31, 2014

Pacific Urban Residential continues to be among the most active West Coast multifamily investors, announcing today it has acquired Villas La Costa, located in Carlsbad, California.

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CalPERS and Pacific Urban Residential Form Multiyear Western Region Venture

January 17, 2014

Pacific Urban Residtnail announced today, Pacific Multifamily INvestors ("PMI"), a significant new strategic venture with the California Public Employees' Retirement System ("CalPERS").  The new venture has received an initial discretionary commitment of $200M.

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Pacific Urban Buys Apartment Complex in Concord

November 6, 2013

Palo Alto-based Pacific Urban Residential has paid $8.6 million to acquire the 84-unit Vista Del Lago apartment complex in Concord.

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Marcus & Millichap, Inc. Files Registration Statement for Proposed IPO

September 23, 2013

Calabasas, CA - Marcus & Millichap, Inc. announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of shares of its common stock.

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Security Properties pays $49.55M for Mukilteo apartment complex

May 10, 2013

A 294-unit apartment property in Mukilteo sold this week for $49.55 million.

The buyer, Seattle-based Security Properties, teamed up with an institutional investor to buy the property, which is called On the Green at Harbour Pointe. The property at 12303 Harbour Pointe Blvd. is next to a golf course. Officials of Security Properties said they could not name the co-investor.

Pacific Urban Residential, which has offices in California and Seattle, was the seller.

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PUR Acquires Kirkland, WA Apartments

December 12, 2012

Palo Alto, CA — Pacific Urban Residential announced today it has acquired the Totem Lake Apartments in Kirkland, WA, making it Pacific's second transaction this year in the Totem Lake submarket of Kirkland.

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PUR Pays Cash for Fremont Apartments

November 16, 2012

Palo Alto, CA —Pacific Urban Residential continues to be among the most active west coast investors, announcing today it has acquired Avalon Paseo Place, located in Fremont, California.

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PUR Closes Arbors at Warner Center

July 12, 2012

Palo Alto, CA —Pacific Urban Residential wrapped up a busy second quarter by closing on Arbors at Warner Center, a 250 unit multifamily community in Woodland Hills, California for $46,150,000.

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PUR Acquires Redwood City Apartment

June 20, 2012

Palo Alto, CA — Pacific Urban Residential announced today it has acquired the 112 unit Sequoia at Wellesley Crescent Park. The 1963 apartment community is located in Redwood City, midway between two of the nation’s most dynamic employment centers – San Francisco and San Jose, California.

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PUR Acquires The Copperfield in Seattle, WA

May 31, 2012

Palo Alto, CA — Pacific Urban Residential announced today that it has acquired The Copperfield apartments, located in Seattle, WA for $16,400,000. 

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PUR Gives Back to Local Communities

May 2, 2012

We all know apartment communities provide a necessary component to our communities as they provide a place for so many Bay Area residents to call home. However, we often overlook how many of our multifamily housing providers take their commitment to community one step further and go above and beyond to provide for those less fortunate.

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PUR Sells 255-Unit Community in Pikesville, MD

May 2, 2012

Palo Alto, CA — Pacific Urban Residential announced today it has sold The Residences at Waterstone located in the Pikesville, Maryland.

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PUR Acquires Livorno Square

March 29, 2012

Palo Alto, CA — Pacific Urban Residential announced today that in partnership with a strategic investor it has acquired Livorno Square Apartments, located in San Jose California.

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PUR Acquires Communities in San Jose & Walnut Creek, CA

July 9, 2011

Palo Alto, CA — Pacific Urban Residential today announced the acquisition of the Cinnabar, a 144-unit apartment community in San Jose, CA and Alpine Court, a 57-unit unit apartment community in Walnut Creek, CA.

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