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California  + Los Angeles  + Apartments  | 

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

Connect

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Connect With Raintree Partners’ BarbiaszConnect With CBRE’s ZanderConnect With Capital One’s Reed

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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