LOS ANGELES—A partnership between Capri CapitalPartners and TruAmerica Multifamily haspurchased the 464-unit Vermont multifamily complexfor $283 million from a partnership between J.H. SnyderCo. and Washington Capital Management.This is the year's largest multifamily purchase inCalifornia.

Opening in May of this year, the landmark property is the firstof its kind in Koreatown, which is undergoing gentrification. Itwas J.H. Snyder's vision to bring a new demographic of renters tothe downtown-adjacent community. The property has 31,000 squarefeet of commercial retail space and two residential towers. Withheights of 29 stories and 23 stories, the towers have remarkableviews of downtown and ample space for amenities, which include a16,500-square-foot sky lobby, a 3,300-square-foot gym, sundeck,pool and business center.

The 31,000-square-foot retail portion is currently occupied byStarbucks. Leases have also been signed withJimmy John's Gourmet Sandwiches,Fatburger, PizzaRev,Wells Fargo Bank, Sugar Nails,AT&T and a Samsung conceptstore, all of which will take occupancy of the building soon.