In a 1031 exchange, private investors have purchased a portfolio totaling 44 units for $14M. In the first transaction, the private investor purchased Broadway Luxury Apartment Homes, a 25-unit apartment building in Anaheim, from 41st Street Broadway Investments for $6.8M. CBRE’s Dan Blackwell represented the buyer. In the second deal, the private investors acquired a 19-unit, two-story apartment building at 145 East 18th St. in Costa Mesa from 18 Street Partners for $7.2M. CBRE’s Blackwell represented the buyer. Kidder Mathews’ Steven Brombal represented 18th Street Partners.
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