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MONTEBELLO, CA-The Los Angeles-based investment firm buys the 256-unit Somerset on Garfield apartment complex for nearly $31.8 million in a joint venture with Kennedy Wilson Inc. and plans a 12-month rehab of $9,800 per unit.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
June 13, 2025
“I think there’s a chance real numbers will deteriorate soon."
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Millennials represent a key demographic driving the BFR market.
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Researchers have closely tracked pricing by product category, import, and origin status.
