An unnamed New York-based investment firm has acquired a 304-unit apartment property in Moreno Valley from Irvine-based 4G Ventures for an undisclosed price. The Inland Empire is experiencing strong population and job growth, and this sale is a sign that the market has landed on the radar of investors across the country.

Located at 5700 Lasselle St, the property is near a Kaiser Medical Center and Riverside University Hospital. It features a pool and jacuzzi, built-in fire pits and barbeques, guard gates and a fitness center.

CBRE's Dean Zander, Stew Weston and John Montakab represented the seller in the deal. CBRE's Brian Eisendrath, Annie Rice and team facilitated the loan on behalf of the buyer.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Inland Empire
Multifamily
Capital Markets
West