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California  | 

Universe, Hanover Snag Ventura MF for $100M

Universe Holdings and joint venture partner Hanover Financial, LLC acquired Capes at Ventura, a 400-unit, institutional quality apartment community in Ventura, CA from Colony Northstar for $100 million.

Built in 1984, the property is located at 760 S. Hill Rd. and features a mix of one and two-bedroom floor plans. Amenities include two resort-style swimming pools, two spas, a barbecue and picnic area, a fitness center and clubhouse.

Hanover’s Michael Lowinger says, “We recognized the significant barriers to entry in Ventura as well as the population growth, which solidified our decision to partner with Universe Holdings.”  This is Hanover’s second investment with Universe in SoCal.

Berkadia’s Adrienne Barr and Shane Shafer represented the seller. Essex Property Trust provided preferred equity.

Universe’s Henry Manoucheri notes the acquisition represents one of its largest transactions in the last several years, and signals the firm’s renewed appetite for larger and more complex transactions.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With Hanover’s LowingerConnect With Universe’s ManoucheriConnect With Berkadia’s Barr

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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