Trio - Palisades Park, NJ
December 05, 2011
Multi-Housing News online – Phoenix Realty Group nabs two Inland Empire assets
…Phoenix Realty Group has brought its 2011 acquisition tally to 10 with the purchase of two communities in California’s Inland Empire.
The group just announced the acquisition of Windrush Village Apartments in Colton, Calif., and Galleria at Towngate Apartments in Moreno Valley, Calif., which were bought for $34.5 million and $30.8 million respectively…
…Edward Ratinoff, managing director and head of national acquisitions at Phoenix. “These value-added investments are uniquely positioned to meet a growing demand for quality, well-located rentals near top schools, retail malls and jobs in a region key to the recovery of California.”…