REIT builds SoCal multifamily portfolio

Property fetches massive sale price

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Grubb & Ellis Co. represented BRE Properties Inc., a San Francisco-based multifamily REIT, in the purchase of Mission Grove Park, a 432-unit apartment complex in Riverside, Calif. The transaction was valued at $75.8 million. The 31-building frame/stucco complex is located at 7450 Northrop Drive in the Canyon Crest area. The complex was built in 2001. Century City, Calif.-based Mission Grove Apartments LP sold the asset. Grubb & Ellis is a worldwide provider of integrated real estate services. *** What's your opinion? Send your Letter to the Editor to