Announced
Financials
Sources
Tags
Real Estate
Real Estate Holding and Development
Acquisition
Majority
Private
United States
Domestic
real estate holding
Pending
Private Equity
Friendly
Synopsis
Clarion Partners, a real estate investment manager, and Cityview, a multifamily investment management and development firm, agreed to acquire Empire Landing, a garden-style apartment community, for $161m. “Empire Landing is centrally located where urban and suburban environments converge in one of the most job-rich, high-growth economic areas of Southern California, often referred to as the ‘media capital of the world’. Modernizing this community will deliver Class-A style and amenities to a city demonstrating high demand for quality rental housing," Devang Shah, Cityview Managing Director.
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