Interstate Equities Corporation Acquires Multifamily Property In Orange County For $205.5M

The multifamily property located at 25550 River Bend Road in Orange County was recently sold for a price of $205,500,000. The transaction took place on February 7, 2022, and involved the sale of a total of 400 units. With a price per unit of $513,750, this property is a valuable asset in the market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $205,500,000
• Date: 02/07/2022
• Address: 25550 River Bend Road
• Market: Orange County
• Buyer: Interstate Equities Corporation
• Seller: Resource REIT
• Broker: Shane Shafer - Northmarq
• Units: 400
• Price per Unit: $513,750

Shane Shafer from Northmarq acted as the broker in this transaction, representing both the buyer, Interstate Equities Corporation, and the seller, Resource REIT. This successful deal showcases the expertise and professionalism of the involved parties.