Real estate investment manager Clarion Partners has purchased a California apartment portfolio for $100 million. The deal comprises three senior housing communities, Buena Vida at Town Center in Rancho Santa Margarita and Village on the Green in Rancho Cucamonga in Southern California, and Oak View at Sonoma Hills in Sonoma County in Northern California.
The properties have more than 95 percent occupancy. The transaction was assisted by Marcus & Millchap.
Click here for the release from Clarion Partners.
