Property Types Multi-Family
May 4, 2009
Stoneridge Capital Partners has acquired the 498-unit Avila Apartment Homes community in Rancho Santa Margarita, Calif., from The Northwestern Mutual Life Insurance Co. in a $70 million deal. CB Richard Ellis Inc.'s Ray Eldridge and Hendricks & Partners’ Joe Leon jointly represented the seller. CBRE Capital Markets arranged acquisition financing on behalf of Stroneridge. The Class A property features one- and two-bedroom apartment homes with private patios, fitness center, pool, clubhouse and business center.
Stoneridge Capital Partners has acquired the 498-unit Avila Apartment Homes community in Rancho Santa Margarita, Calif., from The Northwestern Mutual Life Insurance Co. in a $70 million deal. CB Richard Ellis Inc.'s Ray Eldridge and Hendricks & Partners’ Joe Leon jointly represented the seller. CBRE Capital Markets arranged acquisition financing on behalf of Stroneridge. The Class A property features one- and two-bedroom apartment homes with private patios, fitness center, pool, clubhouse and business center.
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