YORBA LINDA, CA—Philadelphia-based Resource Real Estate Opportunity REIT, Inc. has acquired of the Yorba Linda Apartments here.
Yorba Linda Apartments is a 400-unit multifamily residential community that consists of 50 two-story buildings and approximately 400,000 net rentable square feet.
“We are very pleased to be able to execute the purchase of Yorba Linda Apartments on behalf of the Opportunity REIT and its investors. The property's strategic location, insulation from competition, and excellent resident base make it a strong addition to the Opportunity REIT's portfolio,” said Kevin Finkel, president and COO. “Yorba Linda is one of the premiere locations in Southern California for apartment operators, but the market clearly is in need of upgraded apartments. We believe we can fill this significant demand with our management expertise and proven value-add strategy.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
