CBRE Arranges $21M Sale of Tournament Patio Apartments in Torrance, California
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
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On the RET wire
- Disclosed multifamily deal value tracked in August 2026: $11.7B across 138 reported transactions. All Multifamily coverage →
- 103 stories mentioning CBRE on the wire in the past 90 days. CBRE coverage →
Computed from Real Estate Trail’s own tracked coverage
TORRANCE, CALIF. — CBRE has arranged the sale of Tournament Patio Apartments, a multifamily community in Torrance. JS Bower Foundation sold the asset to Good Capital Group for $21 million. Situated on 1.7 acres at 411…
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