TriWest Development / TriWest Multifamily’s Post

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