(To read more on the multifamily market, click here.)
CERRITOS, CA-Multifamily repositioning specialist RevereInvestments, based here, has sold two apartment complexes totaling66 units for $8.75 million. The properties are the Ironwood Villasand Las Casitas, both in Moreno Valley, which sold in two separatetransactions.
Revere principal Mark Chalfin tells GlobeSt.com that thetransactions represent the execution of Revere's value-add programfor the assets. Revere held Ironwood Villas for 17 months and LasCasitas for 23 months.
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