Advanced Real Estate Buys Inland Empire Apartment Complex for $56M

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Advanced Real Estate acquired Casitas Apartment Homes, a 253-unit multifamily community in Ontario, California, for $56.2 million. The Orange County-based firm paid about $222,000 per unit, and the Mogharebi Group arranged the sale.

Advanced Real Estate has expanded its multifamily portfolio after acquiring a 253-unit apartment community in Southern California’s Inland Empire for $56.2 million. The Orange County-based investment firm acquired Casitas Apartment Homes at 1900 South Campus Avenue in Ontario, Calif., for approximately $222,000 per unit, according to the Mogharebi Group, which arranged the sale. The advisory […]