Davlyn Investments has acquired Metro Gateway in Riverside for $60 million from MBK Rental Living, the developer. This is Davlyn's 11th apartment acquisition in the Inland Empire.
Metro Gateway is a 187-unit new construction apartment building, completed in 2017. It is near the 91 Freeway and adjacent to the Riverside-La Sierra Metrolink station.
The JLL team of Sean Deasy and Ryan Fitzpatrick represented the seller MBK Rental Living in the deal. Ryan Blair with City National Bank arranged financing.
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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.
