Material Comforts Inc. partnered with National Community Renaissance (CORE) to acquire a 16-parcel, 596-unit multifamily portfolio in Southern California’s San Fernando Valley. Sellers Heitman LLC., Invesco LTD and ETHOS Real Estate walked away from the transaction with $85 million ($142,617 per unit). The deal represented the largest multifamily transaction in the San Fernando Valley and the sixth largest in Los Angeles County in 2024. The 98%-occupied portfolio comprises Class B and Class C apartment properties in Canoga Park, North Hills,...
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