Post Investment snags Van Nuys apartments from Nuveen for $69M

Nuveen has offloaded a five-building apartment complex in Van Nuys to a locally based real estate firm.  Beverly Hills-based Post Investment Group purchased the 390-unit San Regis apartments at 15454 Sherman Way in Van Nuys for roughly $69 million, or $176,923 per unit, Hoodline reported. The property sale ranks among the priciest multifamily transactions in the San Fernando Valley so far this year and the largest by unit count in Van Nuys since 2015, according to Connect CRE.   Under Nuveen’s ownership, the company invested nearly $17 million in upgrades to individual units and common areas at the gated community in […]

This article originally appeared on The Real Deal. Click here to read the full story.