California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
JV Acquires, Rebrands Workforce Apartments in Azusa
Langdon Park Capital and Standard Real Estate Investments acquired an 84-unit multifamily property in Azusa. Deal terms were not disclosed.
The community will be rebranded as Langdon Park on Arrow and will operate under a long-term affordability structure designed to benefit working families. The acquisition is part of a broader strategy by Langdon Park Capital and Standard to preserve naturally occurring affordable housing in high-cost urban markets.
“The San Gabriel Valley is a growing, diverse region that houses over two million residents, with functions critical to business in the LA Metro region,” said Malcolm Johnson, founder and CEO of Langdon Park Capital. “This property provides a stable home for families who are the backbone of the local economy.”
The joint venture secured equity financing from The Community Preservation Corporation. Financing for the acquisition also included a Fannie Mae loan arranged by Walker & Dunlop.
Be there for insights from multifamily industry leaders on Sept. 11, when Connect Conferences will hold a nationwide in-person event. Register here for Connect Apartments 2025, taking place in Los Angeles at the Fairmont Century Plaza.
