(To read more on the multifamily market, click here.)
IRVINE, CA-The Irvine office of Davlyn Investments has closed ona 58-unit apartment complex in Riverside as the company continuesto expand its growing Southern California multifamily portfolio.Its latest buy is the $7.1-million purchase of a complex just northof the 91 Freeway and La Sierra Avenue from StarPoint PropertiesLLC of Beverly Hills.
The property, formerly known as La Sierra Vistas, will berenamed Riverwalk Landing. It marks Davlyn's seventh acquisition inthe county and its fourth in the county over the past 14 months.Davlyn's Aaron Pacillio, locally based director of acquisitions forthe San Diego company, notes that the deal is Davlyn's secondmultifamily closing of 2007 and that it plans to acquire anothercomplex in Los Angeles near the end of the first quarter.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
