Jeffrey C. Hines And Laura Hines-Pierce Acquire Tempo At Riverpark Apartments For $105 Million

The sale involved a multifamily asset consisting of 235 units located at 450 Forest Park Boulevard in Oxnard, covering an area of 6.14 acres. The transaction was completed for a total price of $105,000,000, resulting in a price per unit of $446,809.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $105,000,000
• Address: 450 Forest Park Boulevard
• Market: Oxnard
• Units: 235
• Price Per Unit: $446,809
• Seller: Bascom Northwest Ventures
• Buyer: Jeffrey C. Hines & Laura Hines-Pierce - Hines
• Brokers: Blake Rogers, Alex Caniglia & Kip Malo - JLL

Blake Rogers, Alex Caniglia, and Kip Malo of JLL represented the seller, Bascom Northwest Ventures, in the transaction. The sale reflects a notable increase from Bascom’s previous acquisition of the property for $75.2 million in 2028, demonstrating heightened investor interest in multifamily assets in coastal Southern California.