GID makes first Orange County purchase

Multifamily asset set for renovation

GID Investment Advisers LLC has acquired the 280-unit Windsor at Main Place Apartments in Orange, Calif., for an undisclosed price. The property was constructed in 2000 and consists of one- and two-bedroom units with an average size of 888 square feet. The property sits on five acres and has three residential buildings plus a free-standing parking garage. Resident amenities include two swimming pools and spas, a business center, a clubroom and fitness facility. GID is planning to redesign and renovate the property's common areas and completely retrofit all unit interiors with modern, luxurious appointments, according to a press statement. ...