Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

California  + Los Angeles  + Apartments  | 

MBK Rental Living Divests Class A Multifamily in Duarte

MBK Rental Living has completed the sale of its Esperanza at Duarte Station, a 344-unit new transit-oriented Class A apartment community in Duarte, to an undisclosed buyer. Developed as a joint venture of MBK Rental Living and Haseko Corporation, Esperanza opened in November 2022.

“The community’s proximity to the Metro station and the world‑renowned City of Hope makes it especially attractive for those seeking connection, opportunity, and ease,” said Ken McCarren, president of MBK Rental Living. “We are seeing this same strong demand at Solana at Duarte Station, reinforcing the long-term appeal of this exceptional market.”

Ryan Fitzpatrick, Chelsea Jervis and CJ Angle from Berkadia brokered the sale. Acquisition financing for the buyer was provided by Kevin Mignogna, Charlie Haggard, Michael Beach, Lee Scott and Joey Guarino, also of Berkadia. Terms of the sale were not disclosed. MBK is also leasing at Solana at Duarte Station nearby.

Read More News Stories About: Berkadia
Connect

Inside The Story

MBK Rental Living

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
New call-to-action