Real Estate

Opportunity Housing Group Buys California Property For $100M

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Institutional Property Advisors represented the sellers in the disposition of the 261-unit community in Monrovia, Calif.: MODA at Monrovia Station, a transit-oriented apartment community in Monrovia, Calif., has changed hands. Opportunity Housing Group purchased the 2019-built, 261-unit property for $100 million from a partnership between Griffin Capital Co. LLC and Legacy Partners. Opportunity Housing Group serves as a property administrator for the California Statewide Communities Development Authority (CSDDA). Legacy Partners, which developed the property in a financial partnership with Griffin Capital and Silverpeak Real Estate Partners, will continue to manage the community once the sale closes.

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