Friday , March 29 2024
Apartment Rental Rates Expected to Rise
Apartment Rental Rates Expected to Rise

SB apartments sold to Canadian firm

A Canadian investor has bought two multifamily properties in San Bernardino.

Vista Group Inc., a Calgary-based condominium rental agency, purchased the complexes at 1340 N. F St. and 3943 N. H St. for a combined  $8 million, according to CBRE Group Inc. Ontario.

The F Street property has six studio, 25 one-bedroom and eight two-bedroom apartments. It’s not rent controlled and is within walking distance of several restaurants and retail entities.

The H Street property has 25 units and is fully leased.

CBRE represented Vista Group and both sellers in the transactions, which were announced this week. The sellers were not identified.

 

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