Sikand Properties has sold an eight-building apartment portfolio in Los Angeles County for $162 million to multiple buyers, according to news sources. The portfolio consists of 644 units.
The portfolio consist of the following properties:
Tamarind Terrace in Hollywood purchased by Raintree Partners
Vista del Madre Apartments in Pasadena purchased by Harmony Court Investment
Oaktree Apartments in Santa Clarita purchased by Oak Ridge Drive Fee Owner
Stillmore Apartments in Canyon Country purchased by Wedgewood Inc.
Regency Apartments in Van Nuys
Foothill Village Apartments in Sylmar
Sylvan Apartments in Van Nuys
Woodley Court in Van Nuys
LA Apartments purchased the last four properties on the list.
Tenant demand for apartments in Los Angeles remained very strong in 2017, as evidenced by the 7,085 units absorbed during the year, which is up by 29.9 percent from 2016, a
