SAN DIEGO—Davlyn Investments, a prominent California multi-family and commercial property investment firm, had one of its busiest years in 2012.  Between new acquisitions, dispositions and refinancings the company completed over $240,000,000 in investment activity.  The list includes:

•               Adagio: the $25,500,000 sale of a 143-unit apartment community located in La Mesa, Ca.  Brokers: Steve Huffman and Dick Bassett of Hendricks & Partners.

•               Aventine at West Hills: the $19,700,000 sale of a 102-unit apartment community located in Canoga Park, Ca.  Brokers:  Ron Harris & Joseph Smolen of Marcus & Milichap – IPA.

•               Estancia                : the $31,000,000 sale of a 208-unit apartment community located in Riverside, Ca.  Broker: Sean Deasy of HFF.

•               Lakeshore: the $4,720,000 sale of a 42-unit apartment community located in Pacoima, Ca.  Brokers: Dean Zander & Vince Norris of Hendricks & Partners.

•               Siena at West Hills: the $13,250,000 sale of a 112-unit apartment community located in Canoga Park, Ca.   Brokers:  Ron Harris & Joseph Smolen of Marcus & Milichap – IPA.

•               Sol Melia: the $2,250,000 sale of a 19-unit apartment community located in San Diego, Ca.  Brokers: Steve Huffman and Dick Bassett of Hendricks & Partners.

•               Stoney Point: the $9,175,000 sale of a 62-unit apartment community located in Chatsworth, Ca.  Brokers:  Dean Zander & Vince Norris of Hendricks & Partners.

•               Sage Creek South: the $14,400,000 acquisition of a 94-unit apartment community located in Simi Valley, Ca.  Broker: Melinda Russell of CBRE.  A loan of $12,187,500 was provided by Kelly Souza of Wells Fargo.

•               Estancia: the $31,000,000 acquisition of a 208-unit apartment community located in Riverside, Ca.  Broker: Sean Deasy of HFF.  A loan of $18,000,000 was provided by Eric Flykt of NorthMarq Capital.

•               Girard: the $3,750,000 acquisition of a 65,000 square foot retail property located in downtown La Jolla, Ca.  The property was an all cash purchase marketed through Auction.com.

•               Chatsworth Pointe: the $10,200,000 refinance of a 116-unit apartment community.  Mortgage broker: Eric Flykt of NorthMarq Capital.

•               Independence Plaza: the $9,900,000 refinance of a 100-unit apartment community located in Canoga Park, Ca.  Mortgage Broker: Eric Flyckt of NorthMarq Capital.

•               Northview: the $13,600,000 refinance of a 160-unit apartment community located in Reseda, Ca.  Mortgage Broker: Eric Flyckt of NorthMarq Capital.

•               Riverwalk: the $5,900,000 refinance of a 58-unit apartment community located in Riverside, Ca.  Mortgage Broker: Eric Flyckt of NorthMarq Capital.

•               Hacienda: the $16,000,000 refinance of a 66,500 square foot office building located in San Diego, CA.  Mortgage Brokers: Eric Flyckt of NorthMarq Capital and Mike Atkins of Bank of America.

Davlyn’s Director of Acquisitions, Aaron Pacillio stated, “We really appreciate the assistance we had from both the sales and mortgage brokerage community in facilitating these transactions.  It’s relationships like these that allow us to find the best deals in the marketplace for our investors.” 

Jon Williams, CEO of Davlyn Investments offered “Although we were relatively slow on the acquisition side, we had a significant number of loans that matured in 2012. Due to these maturities, we were faced with the option of either selling or refinancing a significant number of assets.  Due to our belief that President Obama would get re-elected and our further belief that some form of “carried interest” legislation would pass, we elected to mitigate the potential hit to us on the taxation front and sell a number of our assets and refinance the other loans that were maturing.”  Mr. Williams went on to state that, “This sales and refinance activity has left us in a very healthy position going forward and we look forward to redeploying these funds in 2013.”

Davlyn Investments, Inc. is a San Diego-based owner/operator of apartment communities, condominium

conversion projects and office buildings throughout California.