Family trust acquires SoCal apartments

Joint partnership unloads property

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Hendricks & Partners negotiated the sale of Grand Villas, a 104-unit apartment community in Sherman Oaks, Calif. The value of the transaction was $18.8 million. The complex is located at 15101 Magnolia Blvd. Irvine, Calif.-based The Bascom Group, in partnership with New York-based JP Morgan, sold the property to Miles Cooperman Family Trust of Encino, Calif. Hendricks & Partners is an advisory firm focused exclusively on the sales of multifamily properties. *** Send tips, feedback or a letter to the editor to dave@inman.com or call (510) 658-9252, ext. 138. ...