Davlyn Investments has acquired Metro Gateway in Riverside for $60 million from MBK Rental Living, the developer. This is Davlyn's 11th apartment acquisition in the Inland Empire.
Metro Gateway is a 187-unit new construction apartment building, completed in 2017. It is near the 91 Freeway and adjacent to the Riverside-La Sierra Metrolink station.
The JLL team of Sean Deasy and Ryan Fitzpatrick represented the seller MBK Rental Living in the deal. Ryan Blair with City National Bank arranged financing.
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