(To read more on the multifamily market, click here.)
WILDOMAR, CA-Western National Realty Advisors plans to build a320-unit apartment complex on a 20-acre site that the company hasacquired in this Riverside County community. Western Nationalbought the land and will develop the property via its Fund I, a$50-million private equity fund that it established some time agoto buy and invest in multifamily assets.
The development site will be at 36491 Yamas Dr., at the PrielippRoad intersection. The 320 units will include 96 one-bedrooms, 160two-bedrooms and 64 three-bedrooms. Rents are expected to averageabout $1,400.
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