Three upscale apartment buildings in Downtown Los Angeles with a total of more than 1,000 units and an estimated combined value of $520M, have hit the market, according to a report from Green Street.
The properties, listed by Eastdill Secured, include two assets owned by San Francisco-based MacFarlane Partners, the 347-unit Park Fifth and its neighbor, a building known as Trademark which has 313 apartment units.
Also going on the market is 355-unit LA Plaza, which is owned by the High Street Residential. The building is part of LA Plaza Village, a mixed-use development that the partnership that High Street is building in partnership with Principal Real Estate Investors and the Cesar Chavez Foundation.
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