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Raintree Claims Five-Property SoCal MF Portfolio for $142M
Dana Point-based Raintree Partners acquired a portfolio of five multifamily communities in SoCal totaling 551 units from an unnamed private seller for $142 million. The properties are located within four submarkets including Glendale, Hollywood, Canoga Park and Camarillo.
Raintree’s Mathew Barbiasz says, “This was an incredibly rare opportunity to acquire a multifamily portfolio of this size with strong upside potential within the Los Angeles and Ventura markets.”
The five properties include:
– Perigee Apartments, a 200-unit community at 21041 Parthenia St. in Canoga Park
– Canyon Drive Manor Apartments, a 137-unit community at 1738 N. Canyon Dr. in Hollywood (pictured)
– Mountain View Apartments, a 106-unit community at 659 Las Posas Rd. in Camarillo
– Imperial Manor Remmet & Strathern Apartments, a 64-unit community at 8101-8111 Remmet Ave. and 21601-21609 Strathern St. in Canoga Park
– Imperial Crest Apartments, a 44-unit community at 1120-1124 Thompson Ave. in Glendale
CBRE’s Dean Zander, Stewart I. Weston and John Montakab represented the seller. Capital One’s Greg Reed and Kristen Croxton arranged Fannie Mae financing.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition




