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Riverside Apartments Near Employment Hubs Change Hands
Institutional Property Advisors (IPA), a division of Marcus & Millichap, closed the sale of LuxLiv Apartments, a 62-unit apartment property in Riverside. Terms of the deal were not disclosed.
“The Inland Empire continues to experience strong employment growth in the healthcare, government and logistics sectors,” said IPA SVP Kyle Pinkalla. “LuxLiv’s Riverside location provides residents with access to employment hubs in Los Angeles, Orange County, San Gabriel Valley and the South Bay.”
Pinkalla and IPA’s Alexander Garcia, Jr. and Chris Zorbas represented the seller, Redhill Realty Investors, LP, and procured the buyer, Vanamor Investments. IPA Capital Markets’ Brian Eisendrath, Cameron Chalfant, Jake Vitta and Tyler Johnson arranged the acquisition financing.
The property is just off California State Route 91, near Interstates 15 and 215, which connect to job centers throughout the Inland Empire. The La Sierra Metrolink station is two miles away, and shopping and entertainment are nearby at Magnolia Place, Galleria at Tyler and West Plaza Shopping Center.
- ◦Sale/Acquisition




