Waterford & California Statewide Community Development Authority Acquires Multifamily Property In Pasadena For $280M

Waterford and California Statewide Community Development Authority have acquired a multifamily property located at 168 W. Green St. in Pasadena. The property was sold by Equity Residential, represented by Sam Zell. The transaction was facilitated by brokerage firm Walker & Dunlop.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $280,000,000
• Units: 480
• Price per Unit: $583,333

Waterford and California Statewide Community Development Authority, represented by their broker Walker & Dunlop, purchased the property from Equity Residential, with Sam Zell as the seller's representative. The transaction took place in the market of Pasadena. The property consists of 480 units with an average price per unit of $583,333.