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Greystar Real Estate Partners Buys 264-Unit Res Community in Riverside

12/22/21

Greystar Real Estate Partners purchased Viano at Riverwalk, a 264-unit apartment complex in Riverside. The property was sold by Griffin Living, a nationally recognized leader in senior living, multi-family, and retail developer.

Viano at Riverwalk, located at 4655 Sierra Vista Ave, is a high-end residential community on a 13.5-acre lot. The complex, built in 2015, boasts a diverse mix of units averaging 945 sf.

CBRE’s Stewart Weston and Dean Zander represented the seller in the transaction. A price was not given out.

“Viano sits within the master-planned community of Riverwalk and is well positioned to take advantage of the unprecedented rent growth in the Inland Empire,” said Weston.

The Inland Empire ranked second in the nation for year-over-year rent growth in Q2 at 14.8%, according to CBRE research. The West Riverside submarket is expected to achieve a 10.2% year-over-year rent growth for 2021.




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