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School District Acquires Multifamily Assets

IRVINE, CA—After selling two shuttered schools, Cypress School District plans has purcahsed apartment complexes and plans to use income to fund educational activities.

By David Phillips | Updated on November 23, 2015

IRVINE, CA—NAI Capital’s Multifamily Services Group recently represented the Cypress School District on an acquisition of two multifamily properties totaling 81 Units. The transaction totaled $26.7 million or $329,630 per unit.

Christopher Arvizu and David Knowlton, CCIM, SIOR, with NAI Capital Multifamily were represented the school district. The distict will use income generated by the properties to help fund educational programs.

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