Rao Yalamanchili's Positive Investments Acquires Christiansen Senior Apartments In Indio For $16.5M

Positive Investments, based in Los Angeles, has added to its growing portfolio in Southern California's senior housing market with the acquisition of Christiansen Senior Apartments in Indio. The 144-unit complex, located at 81-901 Shadow Palm Ave., was purchased for $16.5 million. The property spans 90,000 square feet, translating to a price per square foot of $183. With a total of 144 units, the purchase price equates to approximately $114,583 per unit.

Summary of transaction details

• Property Type: Senior Housing
• Transaction Amount: $16,500,000
• Address: 81-901 Shadow Palm Avenue
• Market: Indio
• Units: 144
• Price per Unit: $114,583
• Square Footage: 90,000
• Price per Square Foot: $183

Positive Investments, led by Rao Yalamanchili, continues to expand its presence in the Southern California senior housing market. The firm's portfolio now includes Christiansen Senior Apartments in Indio, in addition to Wildomar Senior Leisure Community in Wildomar and Julia Palms Apartments in Rialto, acquired for $28.5 million and $36.5 million, respectively, in recent years.