Jason Post And Willy Walker Acquire Marquee Multifamily Property In North Hollywood For $44M

Marquee is a multifamily property located at 12300 Sherman Way, North Hollywood, encompassing 4.5 acres. This 236-unit asset has a transaction value of $44 million, resulting in a price per unit of $186,441.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $44,000,000
• Units: 236
• Price Per Unit: $186,441
• Buyer: Jason Post - Post Investment Group; Willy Walker - Walker & Dunlop Investment Partners
• Brokers: Adrienne Barr & Nancy Badzey - Berkadia
• Mortgage Brokers: Jeremy Kanter & Tim Leonhard - Berkadia

The transaction closed on November 26 and included $32.9 million in acquisition financing. This off-market deal is noteworthy as it represents the only sale of a rent-controlled apartment building with over 120 units in Los Angeles in the past year.