Success Stories
Closed smoothly and provided a significant increase in net operating income .
June 10, 2021
OPPORTUNITY
Built in 1989, the Burlington Portfolio was a three-building, 192-unit portfolio in the Westlake/MacArthur Park submarket of Los Angeles. The sale presented several challenges, most notably a well-publicized rent strike in the recent past and a new statewide rent control law (AB 1482) taking effect one week prior to the close of escrow.
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