West

Reven Housing REIT is using the $51.3 million loan to pay off debt and fund future acquisitions.

Once the deal closes, SST II will acquire a portfolio totalling approximately 2.1 million net rentable square feet of storage space.

The San Diego-based real estate owner and operator acquired the 235,214-square-foot property in the Warner Center/Woodland Hills area of Los Angeles for $93 million from Fairfield Warner LLC.

The aging population is the fastest growing in the US, and this demographic wants the same amenities in senior living as class-A apartment buildings.

Marketing efforts produced more than 283 confidentiality agreements/offering memoranda and through the team's managed-bid offer process, 19 offers were generated to purchase the property.

Luxury apartment communities are becoming more management intensive, and hiring a third-party property manager may be necessary to maximize value.

Los Angeles-based architectural firm Jerde joins a 10-day trade mission in Asia led by Mayor Garcetti to boost Asian investment and tourism in Los Angeles.

Late cycle portfolio moves and a continued downsizing trend send many retail investors in search of a new sweet spot.