Fairfield Residential has paid $62 million, or $476,923/unit, for The Madison at Town Center, a 130-unit apartment property in Valencia, Calif., about 36 miles north of Los Angeles. The San Diego company purchased the four-story property from Gemdale USA, which had ...
81 percent leased.
95 percent leased.
fully leased. LaSalle funded the acquisition with cash and a $25 million draw against a line of credit.