Davlyn Investments Acquires Metro Gateway Multifamily In Riverside For $60M

Metro Gateway is a multifamily property located at 3411 Grande Vista Pkwy, Riverside, California. The asset was constructed in 2017 and features 187 apartments along with a modern amenity package. The property was sold for $60 million in an off-market transaction.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $60,000,000.00
• Address: 3411 Grande Vista Pkwy, Riverside, California
• Market: Riverside
• Seller's Representatives: Ryan Fitzpatrick - The Corcoran Group, Sean Deasy - JLL
• Buyer: Davlyn Investments
• Acquisition Financing Arranged by: Ryan Blair of City National Bank
• Notable Fact: This is Davlyn's 11th acquisition in Southern California's Inland Empire.

Ryan Fitzpatrick and Sean Deasy played key roles in representing the seller, ensuring the transaction was effectively managed. The involvement of Ryan Blair from City National Bank in arranging the acquisition financing highlights the collaborative effort that facilitated this deal.