Copper Canyon Condominium Homes purchased Copper Canyon, a 435-unit apartment community in Las Vegas, from Hacienda 97. Sperry Van Ness represented both the buyer and seller. The property offers two pools, a basketball court, and RV parking. Inland Mortgage Corp. closed a $21.1 million loan for the purchase and renovation of 18324 Clark, a 57-unit condominium conversion in Tarzana, Calif. The loan has a 12-month term. Essex Property Trust acquired The Esplanade Apartments, a 278-unit community in San Jose, Calif., for approximately $60.5 million. Studio, one-, two- and three-bedroom units feature vaulted ceilings and full-size washers and dryers. ARCS Commercial Mortgage Co. arranged $3.72 million in financing for Four Seasons Apartments, a 151-unit property in Hewitt, Texas. The loan has a 10-year term with a 28-year amortization at a 5.5 percent interest rate. Tremont Realty Capital arranged $3.9 million in financing for the acquisition of La Valencia Apartments, a 384-unit property in Dallas. The mezzanine loan has a five-year term. AIMCO purchased The Belmont, a 312-unit luxury apartment community in Durham, N.C., for $31.4 million. Amenities include an indoor racquet-ball court, fitness center, jogging path, and clubhouse.
Odd Couple
The Village at Hamilton Happily Marries Senior Apartments With Self-storage Units
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CREATIVE COMBINATION: Self-storage units at the Villas at Hamilton generate more than $200,000 in rent annually.