Flatrock Square - Englewood, NJ

Flatrock Square - Englewood, NJ


Hillcroft at Danbury - Danbury, CT

December 06, 2011

GlobeSt.com – Phoenix Realty Pays $65M for Inland Empire Apartments

…Continuing an aggressive buying blitz throughout Southern California, Phoenix Realty Group spent $65 million for a pair of Inland Empire apartment complexes. The 366-unit Windrush Village Apartments in Colton, CA sold for $34.5 million, while 268-unit Galleria at Towngate Apartments in Moreno Valley, CA went for $30.8 million…

…”Apartments in Riverside and San Bernardino counties–known together by the boosterish term, Inland Empire–have value because of their proximity to job centers in their higher priced, adjoining Los Angeles and Orange Counties,” says Phoenix Realty’s acquisitions director, Edward Ratinoff in a statement…