Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LA MIRADA, CA-Somerset Glen Apartments LP has acquired the 161-unit Somerset Glen seniors apartment complex at 13380 Hillsborough Dr. from Coyote Creek Housing Partners LP for $16.1 million in one of three L.A. County multifamily deals totaling more than $27 million that have closed recently. The property, built in 1999 using low income housing tax credits, is “the premier active seniors rental property in La Mirada,” according to Robert Sheppard, senior vice president in the Tax Credit Group of Marcus & Millichap.

“The property has strong historical occupancy and was 100 percent occupied at the time of the sale,” said Sheppard. The Tax Credit Group, which represented the buyer, is led by Sheppard, along with Armand Tiberio, a first vice presidents investments, and Spencer Hurst, a vice president investments. Alexander Garcia, a senior vice president investments in the firm’s Ontario office, also provided representation. Garcia and TCG also represented the seller.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


GlobeSt. Multifamily Spring 2022 (Formerly APTS)Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.