Fontana is located east of Los Angeles in Southern California'sInland Empire region. The properties in the portfolio include two60-unit properties, two 28-unit properties, a 32-unit property, a23-unit property and a 14-unit property. The properties range inage from 14 years to 44 years.

The 60-unit Juniper Terrace Apartments at 9330 Juniper Ave. wasbuilt in 1988 and sold for $2.86 million. The 60-unit AlderApartments at 9804 Alder Ave. was constructed in 1989 and sold for$2.98 million. The 32-unit Randall Arms Apartments was built in1964 and sold for $1.46 million. The 28-unit Juniper Apartments at9023 Juniper Ave. sold for $1.65 million. The 28-unit Las RosasApartments at 9170 Acacia Ave. was constructed in 1987 and sold for$1.39 million. The 23-unit Tamarind Apartments at 8538 TamarindAve. was constructed in 1975 and sold for $1.14 million. Finally,the unnamed 14-unit apartment community at 9150 Olive Ave. sold for$627,000.

The buyer was represented by John Stephens, a senior specialistin the Ontario office of Marcus & Millichap. Stephens is amember of M&M's National Multi Housing Group, a division of thecompany focused exclusively on the marketing of multi-familyinvestment properties.

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