Christina, a Malibu, Calif.–based vertically integrated real estate sponsor and manager, has acquired a coveted beachfront multifamily residential apartment building in Playa del Rey, Calif. The financial terms were not disclosed.
This acquisition marks the sixth investment in the firm’s current private equity real estate offering, Christina Real Estate Investors 4.
“This transaction is a direct result of Christina’s ability to identify value and leverage its relationships to purchase premier real estate investments in one of the best real estate markets in the world,” said Lawrence Taylor, founder and president of Christina. “Located in an area with high barriers to entry, the acquisition of Pacific represents an extremely rare opportunity to own an exclusive beachfront community in one of the most sought-after neighborhoods on the Westside.”
Christina was able to purchase the building at a discount to fair-market value from the original developer
