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6/04/25
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A 96-unit multifamily portfolio consisting of two newly constructed apartment communities in Fontana traded hands for $30.5 mil. The acquisition was financed with a new loan of $20.5 mil arranged by JLL Capital Markets.
8969 Newport Ave, Fontana |
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One of the properties, at 8969 Newport Ave, contains 24 units with a mix of spacious one-, two- and three-bedroom apartments on a well-proportioned lot. The other property, at 16220 Arrow Blvd, is a 72-unit community featuring the same mix of unit types.
Both properties feature modern amenities including washer/dryer hookups in every unit, private patios and balconies, energy efficient, tankless water heaters and assigned parking. They both offer a strategic location in Fontana that provides easy access to major transportation routes including I-10, I-15 and SR-210.
JLL Capital Market’s Dale Holzer led the team that arranged the financing through Keystone National Group LLC. The borrower was as private investor.
Fontana has evolved into a key logistics and transportation hub with family-friendly neighborhoods, affordable housing options and excellent amenities including parks, libraries and cultural venues. The city's commitment to economic development has made it an increasingly attractive destination for both businesses and residents.
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