LOS ANGELES—A partnership between Capri Capital Partners and TruAmerica Multifamily has purchased the 464-unit Vermont multifamily complex for $283 million from a partnership between J.H. Snyder Co. and Washington Capital Management. This is the year’s largest multifamily purchase in California. 

Opening in May of this year, the landmark property is the first of its kind in Koreatown, which is undergoing gentrification. It was J.H. Snyder’s vision to bring a new demographic of renters to the downtown-adjacent community. The property has 31,000 square feet of commercial retail space and two residential towers. With heights of 29 stories and 23 stories, the towers have remarkable views of downtown and ample space for amenities, which include a 16,500-square-foot sky lobby, a 3,300-square-foot gym, sundeck, pool and business center.

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