BlackRock pays $1.6B for Camden’s last SoCal apartments
BlackRock added 11 apartment complexes to its Southern California portfolio, nearing the record for multifamily transactions in the region. The New York-based firm acquired the portfolio, comprising 3,620 units across Los Angeles County, Orange County, the Inland Empire and San Diego County, for $1.6 billion, L.A. Business First reported. Camden Property Trust was the seller in a transaction that marked the Houston-based firm’s official exit from California. BlackRock made the purchase with $566.6 million in acquisition financing arranged by JLL and secured by seven of the properties. The deal represents the priciest multifamily transaction in Southern California since June 2024 […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Crissy Zhang creates Melbourne home shaped by "modern Parisian sensibility"
Brandywine gets Norwalk city approval for hotel demo, housing redevelopment
Julia Child’s Former Santa Barbara TV Ranch Hits the Market for $22 Million
Top permits: 279K sf affordable housing complex coming to West Hills
Jefferson Park slated for more affordable apartments, retail
Kenya Barris Lists Zedd’s Former Beverly Hills Mansion for $20.8 Million
The Five Star Weekend Is Returning for Season 2—Here’s What We Know
Dhar Mann Studios buys production campus in the Valley for $23M
If You Love Midcenturies and Houseboats, This $1.2M Floating Home Has the Best of Both Worlds
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California, 92656, USA