The buyer is San Francisco-based FPA Multifamily. The company is funding the purchase with a $105 million loan from Iowa-based Athene Annuity and Life Company.
FPA recently purchased a two-property, 409-unit apartment portfolio in Ventura County. The firm paid $153 million for the Oakview Apartment Homes, a 242-unit property in Westlake Village, and The Biltmore at Thousand Oaks, a 167-unit residential complex in Thousand Oaks.
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