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10/27/23
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Barings Real Estate has obtained $115 mil in financing for The Ventana Luxury Apartments, a 405-unit, low-rise multi-housing community located in the master-planned community of Playa Vista.
The Ventana was originally constructed in 2007 in two phases and offers a variety of studio, one-, two- and three-bedroom apartments, with an average unit size of 1k sf. The apartments feature in-unit washers and dryers, granite countertops and ceiling heights ranging from nine to 14 feet. Community amenities include two clubhouses, two swimming pools, a spa, business center and a fitness center.
The Ventana Luxury Apartments are located at 7225 and 6565 Crescent Park, minutes from the market-leading tech companies within the burgeoning Silicon Beach. Residents of the community can conveniently reach premium shopping and dining, pristine beaches and a variety of recreational activities within Marina del Rey, Venice, Santa Monica and Culver City via the adjacent Lincoln Boulevard. Additionally, the property’s location provides easy access to the Los Angeles International Airport, the San Diego (405) Fwy and Marina (90) Fwy.
Chris Drew, Annie Rice, Brandon Smith and Gyasi Edmondson with JLL Capital Markets arranged the cash neutral, five-year, full-term interest-only loan.
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