A private investor has sold a three-property multifamily and mobile home portfolio in a 1031 exchange for Madison Avenue Plaza, a 70,749-square-foot office property in Temecula.

The three-property portfolio included 66 apartment units and 171 mobile-home spaces, located in Southern California.

Avison Young principal Peter Hauser and associates Matt Hauser and Masa Ito represented the seller of the portfolio. VP Matt Shaw, principal Corey Martin and managing director of the company's Austin, TX, office, principal Stan Nowak, represented the seller of Madison Plaza, an affiliate of Providence Capital Group Inc., as well as the buyer in the upleg of the 1031 exchange.

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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
Los Angeles
Multifamily
Net Lease
Office
Capital Markets