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Decron Properties Acquires 349-Unit Adagio at South Coast Apartment Community for $96 Million

Multifamily Biz  |  Aug 2, 2016

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. 

Read the full article: http://www.multifamilybiz.com/News/7081/Decron_Properties_Acquires_349Unit_Adagio_at_South…