Hallmark at Mission Hallmark at Mission

Waterford Property Co. has acquired Hallmark at Mission, a 75-unit apartment property in Ontario, California. The property traded hands for $21 million or $355 per square foot, which is a record in the market.

Hallmark at Mission units feature in-unit washer and dryer and private garages. The community features a private clubhouse, library, business center, FiOS Internet /TV, community room with kitchen, and a cutting-edge fitness center. Its sprawling grounds include a sparkling swimming pool and relaxing spa, outdoor entertainment lounge and fireplace, mountain vistas, covered dining area with barbeques, and a private pet park.

Alex Mogharebi, Otto Ozen and Mike Marcu of TMG represented the seller, an Inland Empire based developer and the Orange County based 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
Los Angeles
Multifamily
Capital Markets