A limited liability company recently paid approximately $42.6 million for a large apartment community in Thousand Oaks, Calif.
Pavilion Apartments, purchased from Pavilion Associates by APIP Pavilion LLC, comprises 142 units in 26 two-story buildings at 550 North Laurie Lane. Constructed in 1967, the property is situated on 8.8 acres and features one-, two-, and three-bedroom floor plans ranging up to 1,600 square feet. Amenities include a two-story clubhouse with large fitness center, two pools and a spa.
The buyer plans “major upgrades to the common areas and unit interiors,” according to a press statement, which also noted that the seller had owned the property for more than 20 years.
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!