California Statewide Communities Development Authority & Standard Communities Acquire Multifamily Property In Carson For $220M

California Statewide Communities Development Authority and Standard Communities, represented by Scott Alter and Jeffrey Jaeger, have purchased a multifamily property located at 615 East Carson Street in the Carson market. The property, consisting of 357 units, was sold for a total price of $220,000,000, resulting in a per-unit price of $616,246.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $220,000,000
• Address: 615 East Carson Street
• Market: Carson

Scott Alter and Jeffrey Jaeger, along with the California Statewide Communities Development Authority and Standard Communities, were the buyers in this transaction. They facilitated the purchase of the multifamily property, further expanding their investment portfolio.