Blackstone’s LivCor sells Rampart Village apartments for 33% less than it paid in 2018
Blackstone’s LivCor sold a Los Angeles apartment complex near Koreatown for a third less than it fetched eight years ago. Post Investment Group acquired Violet on Virgil, a 302-unit property at 160 South Virgil Avenue in Rampart Village, for $60 million or $198,675 per unit. Multi-Housing News reported. The deal marks a 33 percent drop from the $90 million LivCor paid in 2018. Post financed the acquisition with a $47.3 million Freddie Mac loan originated by KeyBank. The property spans nearly 3 acres and consists of two low-rise buildings that were completed in 1971. The mix of studio to two-bedroom […]This article originally appeared on The Real Deal. Click here to read the full story.
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