Rockpoint, a Boston-based real estate private equity firm, announced that it has acquired Wilshire Margot, a 97-unit multifamily property located at 10599 Wilshire Blvd. in the Westwood neighborhood of Los Angeles. Terms of the transaction were not disclosed.
The property is a mid-rise, type-I apartment building built in 2007. Located in the heart of Westwood along the Wilshire corridor, the property is near major employment hubs, Â Century City, Beverly Hills and UCLA.
“West Los Angeles remains one of the most supply-constrained multifamily markets in the country, supported by strong demographics, proximity to employment centers, and a deep base of affluent renters,” said Aric Shalev, a managing member and co-CEO at Rockpoint. “This investment represents a compelling opportunity to acquire a well-located property at an attractive basis and unlock value through a thoughtful repositioning strategy.”
The property offers amenities such as underground parkin
