Grubb & Ellis Co. represented BRE Properties Inc., a San Francisco-based multifamily REIT, in the purchase of Mission Grove Park, a 432-unit apartment complex in Riverside, Calif.
The transaction was valued at $75.8 million.
The 31-building frame/stucco complex is located at 7450 Northrop Drive in the Canyon Crest area. The complex was built in 2001.
Century City, Calif.-based Mission Grove Apartments LP sold the asset.
Grubb & Ellis is a worldwide provider of integrated real estate services.
***
What’s your opinion? Send your Letter to the Editor to opinion@inman.com.
You have {{data.cm.viewsLeft}} articles left this month.
This content is available to Inman Select subscribers.
Please select an option below.
Please register to access this content.
To continue viewing the content you love, please sign in or create a new account
You have used all of your free pageviews.
Please subscribe to access more content.
Access denied!