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SoCal Buyer Interest at “Record Setting Levels”

INLAND EMPIRE, CA-View Pointe Apartments, which GlobeSt.com learns changed hands for $32 million, was “attractive to several potential investors” due to the location.

By Natalie Dolce | Updated on July 25, 2013

INLAND EMPIRE, CA-Hendricks-Berkadia‘s Dean Zander, Vince Norris and Spencer Scott tell GlobeSt.com that they have successfully completed the sale of 208 units in Riverside, CA just a few months after the sale of 176 units listing in Moreno Valley Ranch for the same seller, a private Bay Area investment group.

DLPG Real Estate Investment Fund, a private San Diego-based investor closed escrow on the View Pointe Apartments located in the residential submarket of Canyon Crest in the city of Riverside for $32 million or $153,846 per unit. The highly amenitized asset was completed in 1998 by AG Spanos Cos.

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