Equity Residential lands SoCal multifamily complex

Adds 294 units in Valencia

Colliers Seeley International arranged the sale of a class A, 294-unit garden-style apartment community in Valencia, Calif.   The value of the transaction was $50 million.   Jefferson at Town Center, adjacent to the Valencia Town Center, provides amenities such as a full-service clubhouse, jogging and biking trails, a 2-acre park, a playground, a sand volleyball court and a resort-style pool. The average unit is 963 square feet.   The owner, JPI, sold the 14.6-acre property to Equity Residential.   Colliers Seeley International Inc. offers commercial real estate services throughout southern California, including Los Angeles, Orange, Riverside, San Bernardino and Ventura counties. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom.Please include the headline of the story. ...