Korda Group Lands San Dimas MF from Stockbridge, CNS for $79M
Institutional Property Advisors (IPA), a division of Marcus & Millichap, brokered the sale of Trails at San Dimas, a 288-unit apartment property in San Dimas, CA. The asset sold for $78.5 million, or $272,569 per unit.
IPA’s Kevin Green, Greg Harris and Joseph Grabiec represented the sellers, Stockbridge Capital Group and CNS Focused Investments, and procured the buyer, Korda Group.
Green says, “Trails at San Dimas is a sizeable asset in a primary market that gives the new ownership an excellent strategic value-add opportunity. San Dimas continues to be a heavily supply-constrained market; there is a lack of available land and aggregating parcels is difficult.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition