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California  + Inland Empire  + Apartments  | 

Pair of Colton MF’s Claimed for $33M

There is still time to register for this Wednesday’s Connect Inland Empire. Here’s where to register for the October 18th conference.

San Diego-based Logan Capital Advisors acquired a two-property apartment portfolio for $33 million in Colton, CA from Los Angeles-based TruAmerica. The assets include Reche Ridge, a 110-unit apartment complex, and 1333 Canyon, a 104-unit apartment home property. The buildings are located at 2270 Cahuilla St. and 1333 Reche Canyon.

Berkadia’s Jim Fisher and Mike Smith, along with Dean Zander, who subsequently joined CBRE from Berkadia, represented the seller. CBRE also arranged the interest-only debt for the buyer as part of a 1031-exchange.

Zander says, “The increasing demand for housing and manufacturing in this area make multifamily a wise investment. The Inland Empire has really benefitted from the influx of people and jobs driven by all the industrial and e-commerce growth, and is generally considered an affordable alternative to many other Southern California regions.”

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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