Apartment portfolio sold

By on November 4, 2017
Apartment Rental Rates Expected to Rise

A pair of apartment complexes in Colton have been sold for a combined $33 million.

San Diego-based Logan Capital Advisors, a development company that specializes in affordable housing, bought the properties at 2270 Cahuilla St. and 1333 Reche Canyon, which combined include 214 units.

Average size per unit is 800 square feet, and both properties include amenities, including a pool, laundry room, and balconies or patios.

The seller was TruAmerica Multifamily Investments, a real estate company in Los Angeles, according to the statement.