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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
Kennedy spoke on some key fundamentals that the area hosts, such as scarce supply and strong absorption.
June 13, 2025
The loan will replace the old one, which was set to mature next month.
June 13, 2025
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