Vanguard Investments has closed two multifamily property deals totaling $138 million. The two properties are located in Las Vegas and Southern California, and have a combined nearly 700 units.
The Sandpiper Apartments in Las Vegas is a 488-unit apartment complex built in 1988. The second property is the Hills of Diamond Bar, located in Diamond Bar. It has 204 apartment units and was built in 1988.
Arthur Arejian of Vanguard Investments represented the buyer and the seller in both deals.
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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.
