Affordable housing developer Community Preservation Partners and Jonathan Rose Cos. have acquired a 180-unit senior housing apartment complex in Torrance, Calif., reported media outlets. A sales price was not disclosed.
The partnership is planning more than $10 million in renovations.
Golden West Tower Apartments will receive the following:
• New interior lighting, cabinets, countertops and appliances
• Improved landscaping and ADA-compliant paths of travel
• An exercise room
• New offices for staff
• A community library
• A theater and entertainment lounge
• A dog run for residents and their canine companions
