Transactions - JANUARY 21, 2022

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Holland Partner Group, NASH sells Long Beach apartment community for $156m

by Released

Holland Partner Group and North America Sekisui House (NASH) have sold Volta on Pine, a 271-unit core multifamily property with 1,300 square feet of ground-floor retail space in downtown Long Beach, Calif.

Gelt paid $156 million for the asset.

Delivered in early 2021, the property is a collaboration between North America Sekisui House (NASH) Holland Joint Venter and MVE + Partners Architects.

Volta on Pine is in the heart of Long Beach's downtown, offering residents access to shopping destinations, world-class restaurants, breweries, and grocery stores. Local attractions include the Aquarium of the Pacific, Long Beach Convention & Entertainment Center, Long Beach Jazz Festival, Museum of Latin American Art (MOLAA), Lions Lighthouse, and the Long Beach Grand Prix. The property's outstanding community amenities include a rooftop terrace with ocean views and barbecue stations, executive meeting rooms, a 24-hour state-of-the-art fitness center, sky lounge, pool,

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