Carillon Apartment Homes was constructed in 2008 on more than five acres.
LOS ANGELES—MG Properties Group has added the 264-unit Carillon Apartment Homes multifamily development to its growing portfolio.
The San Diego-based real estate owner and operator acquired the 235,214-square-foot property in the Warner Center/Woodland Hills area of Los Angeles for $93 million from Fairfield Warner LLC. The transaction, which was reported by brokerage firm Institutional Property Advisors and calculated out to approximately $352,272 per unit.
Greg Harris, Ron Harris, IPA executive director, and IPA senior directors Kevin Green and Joseph Grabiec represented the seller, Fairfield Warner LLC, which was also represented by San Diego-based Fairfield Residential, and procured the buyer, MG Properties Group. IPA is a division of Marcus & Millichap.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
