A four-building 83-unitmultifamily portfolio in the San Fernando Valley has traded handsin a court-ordered partition. The buyer, SilvanLLC, purchased the property for $13.1 million in anoverbid procedure. The properties are located in the highly popularand densely populated North Hollywood and Panorama City markets.There was high demand for both the individual assets as well as thewhole portfolio.

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The four properties include a 10-unit property located at 8849Van Nuys Blvd in Panorama City, totaling 10,310 square feet; a26-unit property totaling 24,234 square feet, located at 7817Ventura Canyon Ave. in Panorama City; a 25-unit property totaling22,501 square feet, located at 6943 Whitsett Ave in NorthHollywood; and a 22-unit property totaling 19,101 square feet,located at 6961 Whitsett Ave in North Hollywood.

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CBRE's Laurie Lustig-Bower and KamranPaydar represented both the buyer and the seller in thedeal.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.