CGI+ Buys Alturas Multifamily Community in Oxnard, California for $50.7M

Posted on November 17, 2021

Posted on REBusinessOnline on November 17, 2021 by Amy Works in Acquisitions, California, Multifamily, Western

Pool at Via Oxnard

Located in Oxnard, Calif., Via Oxnard features 170 apartments in a mix of one-, two- and three-bedrooms.

OXNARD, CALIF. — CGI+ Real Estate Strategies has acquired Alturas, a multifamily property located in Oxnard, for $50.7 million in an off-market transaction. The company plans to rebrand the 170-unit community as Via Oxnard.

Built in 1965, the property features one-, two- and three-bedroom units with 76 percent being two-story townhomes. CGI+ plans to upgrade and renovated the non-renovated units and common areas.

Greg Harris, Joe Grabiec and Kevin Green of Institutional Property Advisors, a division of Marcus & Millichap, represented the undisclosed seller and buyer in the deal.

Read the original article at: https://rebusinessonline.com/cgi-buys-alturas-multifamily-community-in-oxnard-california-for-50-7m/

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