Decron Properties Acquires 349-Unit Adagio at South Coast Apartment Community for $96 Million
LOS ANGELES, CA - Decron Properties acquired Adagio at South Coast, a 349-unit multifamily apartment community in Santa Ana, CA for $96 million. The property was sold by Prime Residential.
Over the last 12 months, Decron has acquired 1,190 units in transactions totaling approximately $334 million. Based in Los Angeles, Decron is a California-focused real estate investment and development firm that strategically acquires worn out apartment communities in thriving suburban markets, with close proximity to job centers, and then renovates them – inside and out – to meet the quality and standards of today’s renter. Recently, Decron successfully executed this business strategy in Ventura, Los Angeles, and San Diego counties.