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About Us: Press Releases |
| All inquiries from the Media should be addressed to: |
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Sequoia Equities
Lisa Trapp
Director of Marketing
Tel: 1.530.902.4451
LTrapp@SequoiaEquities.com
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2009 Press Release Archive
2008 Press Release Archive
| 09/08/09 |
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As area vacancy rates continue to rise, local landlord gets creative and offers area businesses a way to increase their existing employee benefits programs at no expense to them, in exchange for reciprocal trade.
RENO, NV, August 12, 2009—The Vintage at South Meadows, a 368 unit luxury apartment building located in Reno, NV, had felt the effects of their struggling local economy for the past 12 months. Rental occupancy reached an all-time low in April of this year, as a result of high area unemployment, poor credit quality, and an abundance of supply available in the market.
read more. . .
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| 09/01/09 |
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Sequoia completes unique renovation at The Palms Apartments seeking to attract an up-and-coming demographic.
After nearly two years and $2.5M of planning and construction, the new centerpiece at The Palms is a 10,000 square foot amenity center with expansive pool area, two-story rock waterfalls, media lounge, bi-level fitness club, sport lockers and tanning, full-service tech center, demonstration kitchen, and wi-fi bistro serving complimentary coffee and baked goods daily.
read more. . .
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| 08/27/09 |
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It's amazing how long it's taken landlords to get wise to this whole online rental payment thing. The upside for property managers is significant — payments clear quicker; no need to deposit checks; and tenants like it better. Still, we had a landlord a few years ago who, when we asked if he accepted online rental payments, simply answered "No."
read more. . .
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| 06/11/09 |
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Building on Sequoia's 30-year history of real estate investment, SDV will focus on the monetization and value maximization of distressed residential and commercial assets for banks, private equity firms, real estate funds, government entities and investors. Sequoia has positioned itself as a provider of turnkey investment, property management and workout solutions.
read more. . .
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| 06/01/09 |
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By Jeff Collins
A Bay Area investment firm that owns an Aliso Viejo apartment complex announced that it has purchased a "sister property" for $75 million.
The 443,000-square-foot Alize Apartments – located right off the San Joaquin Hills (73) toll road — consists of 484 luxury units in 11 three-story buildings, the company said.
The buyer, Sequoia Equities Inc. of Walnut Creek has owned the Alicante Apartments on Aliso Creek Road since 2003, so the firm believes it knows the local rental market, said company CEO Mark Carter. He added: "The opportunity to purchase the Alize property is an outstanding investment and will be a valuable addition to our portfolio of luxury coastal properties."
The deal includes financing of an undisclosed amount from Fannie Mae, the company said, plus an infusion of $17.3 million from equity partners. Sequoia Equities will manage the project. The company, based in the East San Francisco Bay Area, claims to be one of the largest privately owned apartment investors in the state. Sequoia owns more than 9,000 units and values its assets at $1.6 billion.
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| 05/28/09 |
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With the growing evaporation of jobs, Orange County, Calif.'s multi-family housing sector is starting to feel the burn. Yet, deteriorating fundamentals aren't scaring off investors like Sequoia Equities Inc., which recently acquired the 484-unit Alize Apartments in the upscale Aliso Viejo master planned community from Northwestern Mutual Life Insurance Co. for $75 million.
read more. . .
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| 05/26/09 |
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Sequoia adds Alize Apartments to growing portfolio of luxury coastal properties.
read more. . .
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| 05/19/09 |
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It’s official: Social networking is the new multifamily must-have.
read more. . .
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| 05/14/09 |
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While dining at the Daily Grill in West L.A., President/CEO Mark Carter noticed that their employee's tee shirts read, "Deliver Daily". He couldn't help but think about this phrase in the context of his own business."
read more. . .
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2008 Press Release Archive:
| 02/01/08 |
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The days of filling out paper rental applications and visiting countless apartments to find an acceptable floor plan are nearing an end.
read more. . .
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| 02/11/08 |
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This is the fifth year for the event, which traditionally has taken place in the middle of February to help students arrange their living conditions for the succeeding fall quarter, said Steven Lee, director of the Office of City and County Affairs.
read more. . .
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| 12/04/2007 |
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When one of Sequoia Equities' founding principals retired, the executive team decided it was a perfect opportunity to redefine the corporate identity and rebrand the company by evaluating who the company was and what mattered to it.
read more. . .
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