TriWest Multifamily is proud to announce its most recent acquisition in Anaheim – Coronado Palms. This 169-unit multifamily transaction was one of the most challenging we've faced, involving a complex web of stakeholders including the seller, lender, ground lessor, and equity partner, all with differing needs over a seven-month escrow. We couldn't have achieved this milestone without the expertise and dedication of our incredible team. A special shoutout to Stewart I. Weston from CBRE, whose exceptional negotiation skills, clear communication, and problem-solving mentality were instrumental in bridging TriWest and Canyon Capital, the seller. Additionally, our heartfelt thanks to the CBRE Capital Markets team— Trevor Breaux, Troy Tegeler, and Ryan Greer. Their guidance and expertise were crucial in navigating Freddie Mac through a non-conforming ground lease and fee option structure and getting this deal over the finish line. We are proud not only of this successful acquisition of the property, which was a leasehold interest, but also of securing the option to purchase the fee interest from a long-term private owner. This is our first institutional purchase in Southern California and a significant step forward for Triwest Multifamily in a challenging market. https://lnkd.in/gg7-dG4N
About us
TriWest Development is a premier residential real estate investment company focused on luxury homes in Los Angeles County. TWD focuses its investments on prime coastal locations with strong fundamentals, established markets and proven demand. The firm has built and sold over 200 properties since inception with a strong track record of success. TWD’s current portfolio consists of premier real estate with a value of over $300 million. Vertically integrated construction execution through our partnership with Pillar Building Group. TriWest Multifamily is a real estate investment firm focused on multifamily investments throughout the Western United States. We specialize in well-located, Class-B and Core Plus multifamily real estate with value-add upside. TriWest brings institutional grade acquisitions acumen and operational efficiency across all realms of multifamily real estate.
- Website
-
http://www.TriWestDev.com
External link for TriWest Development / TriWest Multifamily
- Industry
- Real Estate
- Company size
- 11-50 employees
- Headquarters
- El Segundo , CA
- Type
- Privately Held
Locations
-
Primary
Get directions
El Segundo , CA, US