LOS ANGELES—Canyon Capital Realty Advisors'Canyon Catalyst Fund and SackProperties have acquired two multifamilyproperties totaling 221 units in emerging Los Angeles submarkets.The purchase includes an 85-unit property in West Covina and a136-unit property in Upland, CA. Both sellers are unnamed.

Focusing on properties in Los Angeles is part of SackProperties' expansion into the greater Southern California market.“As part of our mandate to cultivate emerging managers, weidentified Southern California as the natural next stage of growthfor Sack Properties,” Maria Stamolis, seniormanaging director at Canyon Capital Realty Advisors, tellsGlobeSt.com. “In turn, we benefit with improved portfoliogeographic diversification while leveraging our respective firms'existing infrastructure.” Kirby Sack, SackProperties CEO, concurs, telling GlobeSt.com, “Sack Properties hasbeen seeking attractive opportunities to expand our holdingsstatewide and Southern California exhibits compellingfundamentals.”

The West Covina property, South HillsApartments, has 20 two- or three story buildings with amix of one-, two- and three bedroom townhome-style units. Sittingon a five-acre parcel, the property is located in a prime locationnear schools, retail centers and employment centers. The Uplandproperty, Parc Claremont, has 12 buildings with amix of one- and two-bedroom units. Sitting on 6.3 acres, theproperty is located near Montclair Metrolink andClaremont Colleges.