CMCT has plans to acquire or has already acquired 696 apartment units across three assets in California.
It intends to acquire an interest in the 75-unit Parkview Apartments located at 1902 Park Avenue in the Echo Park neighborhood of Los Angeles. The transaction is anticipated to close in mid-February. Parkview Apartments is located adjacent to 1910 W. Sunset Blvd., an eight-story creative office property that was acquired by CMCT in February 2022.
In Oakland, CMCT is under contract to acquire Eleven Fifty Clay, at 1150 Clay Street, a 16-story apartment building offering 288 market-rate residences. The acquisition is anticipated to close in late March. CMCT also closed on the acquisition of Channel House, a 333-unit, eight-story apartment building at 40 Harrison Street.
Recommended For You
CMCT has pipeline of multifamily development opportunities of over 1,500 units. CMCT intends to make property level equity investments alongside co-investors. Using this asset-light approach, CMCT will earn fee income and potentially a percentage of profits.
© 2025 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.
