LOS ANGELES-Multifamily real estate owner, developer and manager Oak Coast Properties has purchased a string of value-add multifamily acquisitions throughout Northern and Southern California, totaling $42 million. The nearly one dozen purchases are part of Oak Coast Properties pro-active plan to acquire $150 million in multifamily properties by June 2014.

“These acquisitions demonstrate our commitment to the multifamily sector and the continued growth of our portfolio, as well as our investors' commitment to our company and acquisition plans,” says Oak Coast Properties co-founder and chief executive Matthew Heslin.

Two apartment communities from seller Big Green River Properties Series was the largest of the acquisitions, and purchased for $22.9 million. Located at 400 Santa Alicia Dr. and 333 Enterprise Dr. in Rohnert Park, CA, the two apartment communities total 202 units. Oak Coast Properties also acquired 10 other B- and C-class properties in Southern California.