Pacific Urban Investors’ (PUI) Structured Finance Group announced today that it has provided Preferred Equity to Archway Equities to facilitate the acquisition of The Paseos at Montclair, a 385-unit multi-housing community located in the Inland Empire community of Montclair.
Built in 2014, the garden-apartment style community features a unit-mix of studio, one-, two- and three-bedroom Santa Barbara-inspired townhomes built around a central linear park with a concert amphitheater. Amenities at the complex include two resort-style pool areas with spas and cabanas, a fitness facility, a children’s entertainment suite and a yoga room, conference center, and entertainment lounge.
In proximity to Interstates 10 and 210, the property is within walking distance of the Montclair Transitcenter, an intermodal facility providing bus and train service throughout the region. The property also neighbors Claremont McKenna College, ranked as one of the top 10 liberal arts universities in the country, according to US News & World Report.
“We are very excited to partner with an experienced sponsor like Archway Equities and participate in the acquisition of high-quality real estate in Southern California,” said Ash Baraghoush, Managing Director with PUI’s Structured Finance Group.
Multifamily owner-operator and investment manager Pacific Urban Investors has acquired The Residences at River’s Edge, a 222-unit apartment community in Medford, MA. The acquisition of Residences at River’s Edge (the “Property”) is the third investment in the Boston metro for Pacific Urban bringing the total Boston MSA portfolio to 746 units. The Residences at River’s […]
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