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Decron Acquires Woodland Hills MF for $79M
Decron Properties made its first investment in Los Angeles County since 2010, acquiring Alura, a 250-unit multifamily property in Woodland Hills, CA for $79 million. The acquisition boosts Decron’s multifamily portfolio to 8,234 units, including 3,607 units in Los Angeles County.
Decron’s David J. Nagel says, “Alura is a prime example of our investment strategy of acquiring and renovating value-add apartment communities in well-located, vibrant, suburban markets.”
Located in the heart of Woodland Hills’ Warner Center, the 1977-built property offers a mix of studio, one, two and three-bedroom homes and represents a strong value-add opportunity. Decron will initiate a significant capital improvement plan to modernize the property’s interior units and its exterior common areas.
Marcus & Millichap’s IPA team of Gregory Harris, Kevin Green and Joseph Grabiec marketed the property on behalf of the unnamed seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


