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California  + Inland Empire  + Finance  | 

Advanced Acquires Chino Hills MF for $130M

Irvine-based Advanced Real Estate Services, Inc. acquired The Crossings, a 346-unit, newly-built apartment community in Chino Hills for $130 million. The property was constructed by Bridge Investment Group in 2018 and 2019, and sits on more than 32 acres at 15101 Fairfield Ranch Rd.

Advanced’s Richard Julian says, “We purchased this property with 1031 exchange funds from a recent sale of a large mobile home park in Huntington Beach. Our investor partners were attracted to the quality of the building construction, low density site, and tremendous job growth in the area.”

The property includes a large resort-style pool area, clubhouse, a two-floor-height gym, turf soccer field, dog park, EV charging stations, package lockers, business center and playground.

Berkadia’s Margie Malloy represented the buyer in the off-market acquisition. NorthMarq’s Mike Elmore, Joe Giordani, and Brendan Golding arranged the Fannie Mae Green $76.8 million loan, with ten years interest-only payments at a 2.44% fixed rate.

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.

  • ◦Financing
  • ◦Sale/Acquisition
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