A housing shift is occurring in some cities as some people are trading urban living for the suburbs or rural areas, says Jadon Newman, founder and CEO of Noble Capital Group LLC.
The sales of Regency Park and Travis at the Lake were part of a unique situation that began as a discussion about refinancing, and then led to a value-add sale and 1031 exchange acquisition of another property.
Nearly 75 historic properties have been converted into apartment buildings since the 1560s in Los Angeles, ranking the market third in the country.
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