The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
May 21, 2019
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Davlyn Investments Buys 125-Unit Inland Empire Residential Community


Davlyn Investments paid $34.8 mil for The Summit, a 125-unit ($278.4k/unit) multifamily property in Chino Hills. The upscale, Class A community represents Davlynís tenth acquisition in the Inland Empire.

Constructed in 1990, The Summit is located at 2400 Ridgeview Dr, with immediate access to Chino Hills Pkwy, Carbon Canyon and Grand Ave, in an affluent pocket thatís situated between the Los Angeles, Orange County and Inland Empire employment markets. The property offers detached garages, central heating and air conditioning and in-unit washers and dryers.

Sean Deasy and Ryan Fitzpatrick with HFF represented the seller, Essex Property Trust. Ryan Blair with City National Bank arranged financing.

According to Aaron Pacillio, Chief Investment Officer of Davlyn, the firm plans to make capital improvements such as modernizing unit finishes and expanding the common area amenity offering. These upgrades are expected to provide residents with a living environment on par with brand new, Class A, luxury offerings, at a much more reasonable price.

Return to the Archive page





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media