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California  + Los Angeles  + Apartments  | 

Six-Property Apartment Portfolio Trades for $54M to Three Separate Buyers 

JLL Capital Markets closed on a six-property Los Angeles County multifamily portfolio in three separate transactions totaling $53.55 million. The apartment complexes were located at 3596 Centinela, 14311-14319 Dickens St., 12314 Moorpark, 4144 Tujunga, 12207 Riverside and 12225 Riverside, including five in the San Fernando Valley and one in West Los Angeles. The six high-performing, low-rise apartment communities total 155 residential units.   

The acquisitions included accretive assumable debt placed on all six properties by JLL in 2020. All three buyers assumed the existing debt, working with the JLL Capital Markets Debt Advisory team. 

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by managing director Peter Yorck and director Nick Lavin, while senior managing director Jeff Sause and director Max Mraz led the JLL Capital Markets Debt Advisory team. They worked on behalf of the seller, a corporate fiduciary acting on behalf of an LLC. 

Hear from CRE industry leaders like TruAmerica Multifamily President & CEO Bob Hart. Come together with top dealmakers, owners, investors, lenders and more at Connect LA on May 3 at the Hotel Indigo.  

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Inside The Story

JLL's Yorck

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
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