Afton Properties Buys Inland Empire Apartments for M
Los Angeles-based real estate investment and management firm Afton Properties has added to its multifamily portfolio in Southern California by acqu...
August 26, 2023
4:44 AM
Los Angeles-based real estate investment and management firm Afton Properties has added to its multifamily portfolio in Southern California by acquiring the Hills Of Corona complex in the Inland Empire. Afton paid $71.3 million for the 248-unit apartment complex, or $287,500 per unit, according to data provided by Vizzda . Arbor Realty Trust (ABR) provided $46.5 million in Fannie Mae debt for the acquisition. Hills of Corona includes eight two-story buildings totaling 133,265 square feet.
Greg Cornfield