A Los Angeles-based firm has entered the Orlando multifamily market with a $47.3 million purchase in Winter Springs - and it plans to invest further into its new acquisition.  1020 Winter Springs Owner LLC, a subsidiary of real estate investment firm TriWest Multifamily, bought the 208-unit 1020 at Winter Springs apartment community on Oct. 12 for just over $227,400 per…

TriWest Multifamily in April acquired two Newnan garden-apartment communities for an undisclosed amount.  The properties, Woodland Commons and 60 Jane Lane, contain a combined 114 units. Woodland Commons, located at 22 Forest Circle, was built in 2002, while 60 Jane Lane was built in 1986.  Financial details about the purchases were not provided, but Coweta County records indicate 10.9-acre Woodland…

TriWest Multifamily has acquired Lakes at Collier Commons, a 252-unit community in Land O’ Lakes, Florida, for $71 million. Completed in 2004, the Class A asset spans 31.5 acres and encompasses 10 buildings with one-, two- and three-bedroom apartments, ranging from 834 to 1,397 square feet. Community amenities include a fitness center... Click here to read more…

The Los Angeles planning department has approved real estate investment company TriWest Developments' plans for a 128-unit affordable housing project at 1216 Menlo Ave in the Pico-Union neighborhood, according to a planning report this week. At the site, TriWest, which submitted its plans last summer, has planned a six-story development categorized as a Tier-4 project under the city’s Transit-Oriented Communities Incentive Program.…

El Segundo-based TriWest Development and affiliate TriWest Multifamily have had a busy year branching out from their original focus. TriWest Development was founded in 2014 by Blake Overend, Bryce Overend and Omer Ivanir to construct luxury single-family homes. To date, it has built more than 150 homes.The company recently began buying apartments in addition to building homes. And many of those…

TriWest Development and Cypress Equity Investments have filed plans for its second multifamily project of the year in Los Angeles. The firm wants to build a 176-unit apartment complex at 2217-2235 West Sunset Boulevard in Echo Park. Plans were filed with the Department of City Planning. Amenities would include a pool, gym, co-working space, and a roof deck. The development site…

TriWest Multifamily announced that it has acquired Monterra Apartments, a 312-unit multifamily community located at 4217 Louisiana Boulevard NE in Albuquerque, New Mexico. The property was purchased in an off-market transaction from Vukota Capital Management. Click here to read more…