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California  + Apartments  | 

Matthews Completes 17-Property SoCal MF Portfolio Transaction for $108M

Matthews Real Estate Investment Services handled the sale of 17 multifamily properties in Southern California for a combined transaction value of $108 million. The buyer was El Segundo-CA-based NextGen Apartments LLC. The seller was an unnamed private individual who owned the assets for more than 20 years.

The portfolio was sold in two parts with 15 of the assets totaling 185 units traded in a private transaction, and another two-property portfolio totaling 55 units. The assets are located at 21818 Figueroa St. in Carson, and 25829 Viana Ave. in Lomita.

NextGen plans to utilize its knowledge of the South Bay market and leverage its vertically integrated operating platform to execute their business plan. The seller’s motivation was to unwind their multifamily portfolio and exchange into other real estate investments with less management responsibilities.

Matthews’ David Harrington and Michael Astorian brokered the portfolio sale.

*Pictured 1110 Barbara St. Redondo Beach

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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