The firm is using its "cash position" and knowledge of the markets to acquire such properties, adds Merage.
The Village at Indian Wells is a 104,600-square-foot retail center, which boasts a number of retailers, restaurants and other tenants. The area usually has high occupancy levels and rental rates, according to Stoneridge.
The firm also recently acquired Avila, a nearly 500-unit luxury apartment development in Rancho Santa Margarita for $70 million.