Opportunity Housing Group Acquires Multifamily Property In Monrovia For $100M

The multifamily property located at 228 W. Pomona Avenue in Monrovia has been sold in a recent transaction. The property, consisting of 261 units, was purchased by Opportunity Housing Group, represented by Brad Griggs, Brad Blake, and Lauren Seaver. The seller of the property was Griffin Capital, represented by Kevin A. Shields, Randy I. Anderson, and David C. Rupert from Griffin Capital, along with W. Dean Henry and C. Preston Butcher from Legacy Partners.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $100,000,000
• Units: 261
• Price Per Unit: $383,141

The property sale was finalized on April 26, 2021. The transaction involved the collaboration of various individuals and companies in the real estate industry. Opportunity Housing Group, a prominent buyer in the market, made the acquisition with the assistance of their representatives, Brad Griggs, Brad Blake, and Lauren Seaver. On the seller's side, Griffin Capital and Legacy Partners played a key role in the transaction, represented by Kevin A. Shields, Randy I. Anderson, David C. Rupert, W. Dean Henry, and C. Preston Butcher.