DivcoWest Fund VI had approximately $2.25 billion in capital commitments, targeted $1.5 billion in capital commitments and was oversubscribed when it closed on September 30, 2020.
Nearly 75 historic properties have been converted into apartment buildings since the 1560s in Los Angeles, ranking the market third in the country.
The property could be bifurcated into a potential 375-unit building and another consisting of 284 units.
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