October 31, 2016 Comments Off on Fullerton MF Asset Trades for $115M Views: 252 California, California News, Orange County, West

Fullerton MF Asset Trades for $115M

New York-based Berkadia handled the $115-million sale of Amerige Pointe, a 292-unit apartment community in Fullerton, CA. The property includes 10,300 square feet of retail space and is located within the master-planned community of Amerige Heights.

The community sits on 12.5 acres and consists of 17 three-story residential buildings with a mix of studio, one-, two- and three-bedroom units, as well as a variety of live-work and townhome apartments.

Berkadia’s Joe Leon, Jeff Rowerdink and Dean Zander represented the undisclosed seller and the buyer, a global fund.

The new owner plans to upgrade the interiors to a more modern luxurious finish and improve some of the common area spaces.

Zander says, “Since the interiors were over 10 years old, Amerige represented a rare opportunity to acquire an institutional quality multifamily asset in North Orange County with a value-add component.”

Read More at Berkadia

Connect with Berkadia’s Zander

For comments, questions or concerns, please contact Dennis Kaiser

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , , , , ,

Comments are closed.