Sentinel Real Estate Corporation Acquires Bay Area Mid-Rise Apartment Community
Retrieved on:
Tuesday, May 23, 2023
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Sentinel Real Estate Corporation (“Sentinel”) today announced that it has acquired La Via Apartments, a recently completed 281-unit mid-rise apartment community in Petaluma, California.
Key Points:
- Sentinel Real Estate Corporation (“Sentinel”) today announced that it has acquired La Via Apartments, a recently completed 281-unit mid-rise apartment community in Petaluma, California.
- Sentinel purchased the property from the sponsor, The Spanos Corporation (“Spanos”), a leading developer of multifamily communities across the U.S. with whom Sentinel has enjoyed a long and productive relationship.
- La Via represented the opportunity for Sentinel to acquire a well-located newly-built property in a desirable and highly supply-constrained submarket.
- Sentinel has been active in the Northern California market throughout its 54-year history and currently owns 6 properties in the area.