Six-Property Apartment Portfolio Trades for $54M to Three Separate Buyers
JLL Capital Markets closed on a six-property Los Angeles County multifamily portfolio in three separate transactions totaling $53.55 million. The apartment complexes were located at 3596 Centinela, 14311-14319 Dickens St., 12314 Moorpark, 4144 Tujunga, 12207 Riverside and 12225 Riverside, including five in the San Fernando Valley and one in West Los Angeles. The six, high-performing, low-rise apartment communities total 155 residential units.
The acquisitions included accretive assumable debt placed on all six properties by JLL in 2020. All three buyers assumed the existing debt, working with the JLL Capital Markets Debt Advisory team.
The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by managing director Peter Yorck and director Nick Lavin, while senior managing director Jeff Sause and director Max Mraz led the JLL Capital Markets Debt Advisory team. They worked on behalf of the seller, a corporate fiduciary acting on behalf of an LLC.
Six-Property Apartment Portfolio Trades for $54M to Three Separate Buyers
Six-Property Apartment Portfolio Trades for $54M to Three Separate Buyers
JLL Capital Markets closed on a six-property Los Angeles County multifamily portfolio in three separate transactions totaling $53.55 million. The apartment complexes were located at 3596 Centinela, 14311-14319 Dickens St., 12314 Moorpark, 4144 Tujunga, 12207 Riverside and 12225 Riverside, including five in the San Fernando Valley and one in West Los Angeles. The six, high-performing, low-rise apartment communities total 155 residential units.
The acquisitions included accretive assumable debt placed on all six properties by JLL in 2020. All three buyers assumed the existing debt, working with the JLL Capital Markets Debt Advisory team.
The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by managing director Peter Yorck and director Nick Lavin, while senior managing director Jeff Sause and director Max Mraz led the JLL Capital Markets Debt Advisory team. They worked on behalf of the seller, a corporate fiduciary acting on behalf of an LLC.
Hear from CRE industry leaders like TruAmerica Multifamily President & CEO Bob Hart. Come together with top dealmakers, owners, investors, lenders and more at Connect LA on May 3 at the Hotel Indigo.
Source link
Comments
More posts