Founder Tyler News Today

ENCINITAS, CA - San Diego-based Tower 16 Capital Partners has successfully acquired The Deco at Victorian Square, a 209-unit multifamily property located in the rapidly growing Reno, Nevada, market. The project was built in 2021 and acquired for $43 million, well below today’s replacement cost. “This marks our first acquisition in the Reno market and brings us back into Nevada where we previously owned a portfolio of 2,000 units,” said Tower 16 Co-Founder Tyler Pruett....

RENO, Nev. & SAN DIEGO, February 28, 2024--Tower 16 Capital Partners Acquires The Deco at Victorian Square, Its First Multifamily Project in Reno for $43 million, well below replacement cost.

Another record setting year for the Community Over Cancer event that happened just this past weekend as they c...

Tower 16 Capital Partners has sold Obsidian on Ocotillo Apartments, a 232-unit multifamily project in Glendale, AZ, for $56.4 million.

WESTLAKE VILLAGE, CA - Tower 16 Capital Partners has sold Loramont on Thomas Apartments, a 180-unit multifamily project in Phoenix, AZ for $32.1 million. The property was purchased by Tower 16 in December 2019 for $11.7 Million in an off-market transaction. The new buyer is planning to further improve the property during its ownership. “We made significant improvements to the Loramont on Thomas project during our ownership,” said Tower 16 Co-Founder Mike Farley. “That allowed.....

Tower 16 Capital Partners has sold Loramont on Thomas Apartments, a 180-unit multifamily project in Phoenix, AZ for $32.1 million.

Tower 16 Capital Partners has acquired Nottinghill Apartments, a 322-unit multifamily property in Tucson in a $35.5 million transaction.

ENCINITAS, CA - Tower 16 Capital Partners has sold Hillside Village Apartments, an 80-unit multifamily project in San Bernardino, for $16.5 million. The property was purchased in January 2019 for $11 million in an off-market transaction. Tower 16 recently sold another Inland Empire property, The District at Grand Terrace, for $88 million. “We made major improvements to the Hillside Village project during our ownership,” said Tower 16 Co-Founder Tyler Pruett. “That allowed us to achieve ou...

ENCINITAS, CA - San Diego-based Tower 16 Capital Partners has successfully sold The District at Grand Terrace, a 352-unit apartment project located in Colton, Calif. The property was originally purchased in 2019 for $63,050,000 and was sold this month for $88 million. During its two-year hold, the company performed a $2.6 million capital improvement program including interior unit renovations and enhancing several exterior amenities. “District at Grand Terrace was a phenomenal execution for ...