Richard Julian & Paul Julian Acquire 126-Unit Multifamily Asset The Rowland In Rowland Heights

The property asset involved in the transaction is a multifamily apartment community located at 1900 Fullerton Road, Rowland Heights, CA. This asset comprises 126 units and was previously known as Casa La Paz. The property has been rebranded as The Rowland as part of its acquisition process.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Address: 1900 Fullerton Road
• Market: Rowland Heights, CA
• Units: 126
• Buyer: Richard Julian & Paul Julian
• Buyer’s Company: Advanced Real Estate

Richard Julian and Paul Julian, representing Advanced Real Estate, have acquired this property through a 721 exchange, with the previous family owners retaining a stake as limited partners in the investment fund. Advanced Real Estate has plans for renovations and in-house management, marking this acquisition as part of their strategy to grow their $5 billion Southern California apartment portfolio, making it their fifth fund acquisition in eight months.