LOS ANGELES—GlobeSt.com has learned exclusively through industry sources that the Flat Apartments complex in Downtown Los Angeles has traded hands. The buyer is an investor operating under the LLC WK Flat LA Adventure. The seller in the transaction and the price were not disclosed.

“This was a rare opportunity for this buyer to acquire a large number of units in a prime downtown location that is continuously evolving as we speak,” Michael Balson of Keller Williams, who represented both the buyer and the seller in the transaction, tells GlobeSt.com. “I believe the Buyers intend to reposition the asset by adding value through renovations, improvements, and additional amenities and services, enhancing the living experience at the property.”   

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