Brief
Decron Properties Acquires Apartment Property in Los Angeles for $114M
LOS ANGELES — Locally based Decron Properties has acquired 5550 Wilshire, a 163-unit apartment community in the Miracle Mile area of Los Angeles. According to the Los Angeles Business Journal, the sel
Summary
LOS ANGELES — Locally based Decron Properties has acquired 5550 Wilshire, a 163-unit apartment community in the Miracle Mile area of Los Angeles.
According to the Los Angeles Business Journal, the seller was private equity real estate investor GID, headquartered in Atlanta.
The asset sold for $114 million. Blake Rogers of JLL arranged the transaction. Developed in 2010, 5550 Wilshire offers one-, two- and three-bedroom apartments and townhomes. Amenities include a resort-style pool, hot tub, roo
Source
- REBusinessOnlinerebusinessonline.com
