IMT Residential Acquires Multifamily Property In Laguna Niguel For $153M

Berkadia Institutional Solutions has announced the sale of Broadstone Cavora, a 348-unit coastal apartment community in Laguna Niguel, California, to a California-based investor. The property, located at 26033 Cape Drive, offers well-designed floor plans with an average size of 890 square feet. It boasts a range of amenities and provides convenient access to beaches, retail establishments, freeways, and Orange County job centers.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $153,000,000
• Units: 348
• Price per Unit (PPU): $439,655
• Buyer: IMT Residential - Bryan Scher
• Brokers: Derrek Ostrzyzek, Rachel Parsons & Tom Moran - Berkadia

The sale of Broadstone Cavora in Laguna Niguel was facilitated by brokers Derrek Ostrzyzek, Rachel Parsons, and Tom Moran from Berkadia. These individuals played a crucial role in connecting the buyer, IMT Residential represented by Bryan Scher, with the property's seller. Their expertise in the real estate market and their dedication to their clients contributed to the success of this transaction.