Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOS ANGELES-Tangible Properties has sold a real estate portfolio with 41 rental properties totaling 74 units to Turnstone Holding I LP in an all-cash purchase. The listing drew strong attention, generating dozens of bids from potential buyers.

“We met with the seller earlier this year when they were just beginning to explore a potential sale,” says Warren Berzack, founder and president of Berzack Investment Property Advisors of Lee & Associates-LA North/Ventura, who represented the buyer in the transaction. “Our previous relationship coupled with the buyer’s all-cash offer and reputation for delivering on their purchase agreements gave us a competitive advantage against the other bidders.” Todd Drew Weaver of Synergy Commercial Real Estate Inc. 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. APARTMENTS Fall 2021Event

Join 1000+ of 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

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.