Transactions - SEPTEMBER 14, 2021

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Chinese U.S. subsidiary sells L.A. County asset for $62m

by Andrea Zander

Gemdale USA, a U.S. subsidiary of China-based Gemdale Corp., has sold The Madison at Town Center, a 130-unit apartment complex in Valencia, Calif., for $62 million.

Fairfield Residential is the new owner.

The Madison at Town Center’s amenities including access to its resort-style heated pool, fitness center, clubhouse, internet café and a 24-hour maintenance concierge.

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