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California  + Inland Empire  + Apartments  | 

New York Investor Snags San Bernardino MF for $37M

New York-based Dalan Management acquired The Vue Apartment Homes in San Bernardino, CA for $37.4 million. The 197-unit multifamily community was sold by Irvine, CA-based FPA Multifamily.

Located at 1660 W. Kendall Dr., the property was originally built in 1988 and features five different floor plans that range from 800 to 1,030 square feet. Amenities include a pool, sundeck, business & student center, volleyball court, playground, fitness center, package receiving system and intercom-controlled entrance.

CBRE’s Stewart Weston, Dean Zander and John Montakab represented the seller.

“The strong job base and expansion of commercial logistic operations continues to drive apartment rents in San Bernardino and adjacent communities,” said Weston. “We expect this growth to continue with projects such as the nearby Rialto Airport development, which will add more than 4.5 million square feet of industrial and commercial space, bringing in an estimated 11,000 new jobs.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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