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Burbank Housing Development acquires Parkwood Apartments

  • Region:

    United States of America

  • Sector:

    Real Estate

  • Deal Size:

    $15 million

  • Buy Side Company:

    Burbank Housing Development Corporation
  • Sell Side Company:

    L.E.E. & J. Inc.
  • Target Company:

Burbank Housing Development Corp has acquired Parkwood Apartments, an apartment community in California from L.E.E. & J. Inc., REBusinessOnline reported. The deal is valued at $15 million. The property is a garden-style multifamily property consisting of 56 units. US-based Burbank Housing Development is a non-profit organisation providing supportive housing for people with special needs, elderly as well as offering housing development, ownership, and management services. Marcus & Millichap represented the seller on the transaction.

Tags:

Multifamily,Senior housing,Commercial real estate deals,Real estate deals,Commercial real estate,Real estate