Raintree Partners has shelled out $77M for The Plaza at Sherman Oaks, a 392-unit luxury apartment community in the Valley. Raintree CEO Jeff Allen says the firm moved quickly to pick up the property, which is in a supply-constrained area. The 4500 Woodman Ave complex consists of eight, three-story buildings including studio, one- and two-bedroom units, as well as 20 three-story townhome villas. The buy brings Raintree’s California holdings to 17 multifamily communities, consisting of about 2,800 units.
News
Sign up for more articles like this
Subscribe to Bisnow's Los Angeles Newsletters
Related Stories
)
)
)
)
)
)
)
)
)
)
)
)