Berkshire Residential Investments sells final asset in multi-housing portfolio 

Berkshire Residential Investments has sold One Santa Fe, a 438-unit, mixed-use, core-plus apartment community located in the Arts District of Los Angeles. The buyer is an unnamed Canadian institutional investor. 

One Santa Fe is the final tranche of a 13-property multi-housing portfolio that JLL Capital Market marketed on Berkshire’s behalf. The sale of the other 12 properties, which totaled 3,904 units across six key U.S. markets, was announced in July 2019.

One Santa Fe is located at the intersection of S. Santa Fe Avenue and E. Third Street in the heart of one of Los Angeles’ trendiest neighborhoods. Completed in 2015, the mid-rise property encompasses a mix of studio, one- and two-bedroom units as well as an 81,000-square-foot retail compo