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Rastegar's CEO said he is seeing "ridiculously low offers" on its properties.
The buildings are fully leased to a global e-commerce leader.
It consists of five buildings.
Over 100 condominiums are set to be offered.
The loan will help transition to the office into a larger multifamily space.
The moves increases the company's property portfolio by 19 percent, in terms of square feet.
It features 318 rental apartments and 50,210 square feet of retail space.
Retail space is also in the plans.
The company has invested $99 million in the property since 2016.
New and legacy investors oversubscribed the funding round.