BLT Enterprises has sold a gas station and parking lot in Los Angeles. The investor had secured entitlements through the City of Los Angeles' Transit Oriented Communities ordinance for  a six-story, 119-unit apartment building.

Wiseman Residential acquired the property in record time. The project is located at 11261 Santa Monica Boulevard in Los Angeles, California, and will feature a variety of floor plans and feature state-of-the-art amenities including a gym, outdoor patios and barbecues, ample open space, and community gathering areas.

Anthony Muhlstein and Brian Bowis of Newmark Knight Frank represented BLT Enterprises as the seller and Wiseman Residential represented themselves as the buyer in the transaction.

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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.