A private investor has acquired Sagewood Gardens, a 162-unit active senior living community in Hacienda Heights, for $34.4 million.

Located on Gale Avenue, the property was built in 1988 and features 21 residential buildings totaling 93,930 rentable square feet. The property has a mix of one and two-bedroom units and a single-family home.

Principals Alex Mogharebi and Otto Ozen of TMG represented the seller, a private Los Angeles owner, and the San Gabriel Valley based private 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.

Los Angeles
Multifamily
Capital Markets