Clear Capital has purchased Foothill Ridge, a 232-unit garden apartment complex in Upland, CA, for $82M, from Virtu Investments.
Institutional Property Advisors, a division of Marcus & Millichap, brokered the deal for the Inland Empire multifamily. According to Yardi Matrix data, the buyer financed the purchase with a $65.4M loan from Starwood Capital Group.
The unit price for the acquisition was approximately $353K.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
