Los AngelesStonepineApartments has traded hands in Thousand Oaks. A private familytrust sold the 108-unit garden-style multifamily property has soldfor $33.4 million.

Stonepine Apartments was built in 1979. It is comprised of seventwo- and three-story buildings on five acres of landscaped grounds,and features one-, two- and three-bedroom floor plans that average832 square feet. Residents are conveniently adjacent to the ColinaMiddle School and located walking distance from the retail storesand restaurants along Thousand Oaks Boulevard.

Managing director Vince Norris and associatedirector Eric Norris ofBerkadia's Los Angeles office completed the saleon behalf of the buyer, California-based FPAMultifamily, LLC.

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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.

Los Angeles
Multifamily
Capital Markets
West