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Sign in Sign up for a FREE subscriptionNextGen Apartments acquires SoCal portfolio for $108m
NextGen Apartments has acquired a 17-property multifamily portfolio in Southern California from a private owner for $108 million. The portfolio was sold in two parts, with 15 of the assets totaling 185 units sold in a private transaction and two properties totaling 55 units at 21818 Figueroa St. in Carson, Calif., and 25829 Viana Ave., in Lomita, Calif., sold in a second deal.
The seller is a private individual who owned the assets for more than 20 years.
