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Laguna Niguel's Raintree Partners makes $21 million acquisition
Firm buys 168-unit apartment community in San Dimas.
By Kristen SchottPublished: December 11, 2009 09:55 AM
Laguna Niguel-based real estate investment firm Raintree Partners has acquired a 168-unit apartment community in San Dimas for $21 million.
The Mountain View Apartments is the second multifamily property the company has gained this year: In April, Raintree also acquired a 204-unit development in Sunnyvale for nearly $40 million.
But that's not all: The firm plans to add more properties to its portfolio, according to Raintree CEO Jeffrey Allen. He believes the firm has "significant additional capital" for such opportunities.
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The Mountain View Apartments is the second multifamily property the company has gained this year: In April, Raintree also acquired a 204-unit development in Sunnyvale for nearly $40 million. But that's not all: The firm plans to add more properties to its portfolio, according to Raintree CEO Jeffrey Allen. He believes the firm has "significant additional capital" for such opportunities. NEXT PAGE >> Related headlines Trumark Cos. moves forward with plans for new-home project in Brea Anaheim's Harbor Lofts auction is Dec. 13 Santa Ana’s RiverRock strengthens foundation |
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