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Universe Holdings Development has paid $28 million, or $538,462/unit, for the 52-unit Park Encino apartment property in the Los Angeles suburb of Encino, Calif. The Los Angeles investment manager bought the 12-year-old property from affiliates of Blackstone Property Partners in ...
89 percent occupied. The deal was funded with a $30.6 million loan from PNC Bank.
The buyer will also assume a $42.6 million loan with a 4.58 percent coupon and 2022 maturity that was provided by PNC Bank two years ago.
anchored by a Bed Bath & Beyond. A Bally's Total Fitness is on the lower level
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