The property, which consists of seven buildings, was acquiredfor $2.7 million. Built in 1983, it is located at 369 E. RialtoAve. The complex, known as Arbor Apartments, was 95% occupied atthe time of sale.

HK Realty was represented by Alex Garcia of Marcus &Millichap's Ontario office. The seller, Vista-based Land TrekProperty Management, was represented by Doug Froehlke, also ofMarcus & Millichap's Ontario office.

Multifamily property remains in high demand in the InlandEmpire, as San Bernardino County and Riverside County are two ofCalifornia's fastest-growing regions. Rents in the area should growabout 8% over the next 12 months, some brokerage reports say,roughly three times faster than the overall inflation rate.

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