$30M Santa Barbara County apartment deal

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A Northern California multifamily investor has purchased the Country Oaks Apartments located in the state's central coast region for a price of nearly $30.3 million. The 208-unit apartment complex is located in Santa Maria, approximately 75 miles northwest of Santa Barbara. Kennedy Wilson Multifamily Management Group sold the 156,590-square-foot property, which is located at 33 East Enos Drive on a 10-acre lot, at a value of approximately $145,433 per unit. Property amenities include a fitness center, heated pool and spa, laundry facilities, 24-hour emergency maintenance, and covered parking. ...