MODESTO, CA – Graceada Partners and Osso Capital have purchased a 196-unit apartment community in Modesto, CA.
The partners acquired the asset in an off-market transaction. The acquisition is an investment from Graceada Partners Fund II and Osso Multifamily I.
The multifamily property, The Edge at Lakewood, was constructed in 1985 and underwent partial renovations between 2019 and 2020. Graceada Partners and Osso Capital intend to implement continued renovations on the property's clubhouse and fitness facility. The partners will additionally add a pet park and sustainable features.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
