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Raintree Partners Buys Multifamily Portfolio

LOS ANGELES-Pacific Property Co. sheds the three-property portfolio for $30.6 million to Raintree Partners, which plans to invest capital into interior and exterior upgrades.

By Natalie Dolce | Updated on August 05, 2010

LOS ANGELES-Laguna Niguel, CA-based Raintree Partners has completed the acquisition of a three-property multifamily portfolio for $30.6 million from Pacific Property Co. The multifamily communities are located in Claremont and Pomona. 

“Our ability to perform was evidenced by the fact that we were able to complete our due diligence and close three separate loans totaling $23.1 million within approximately one month’s time,” explains Jeffrey Allen, chief executive officer of Raintree Partners.  

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