In an effort to create more affordable housing options, The Housing Authority of the City of Los Angeles is buying up more apartment properties. According to a fourth quarter multifamily market report from Kidder Mathews, the HACLA recently purchased two apartment properties totaling 85 units for $38 million, or $447,059 per unit. The properties, LA1440 & LA1446, were sold by HEV Holdings LLC, the report shows.
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