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4/30/26
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Advanced Real Estate (Advanced) has acquired two apartment properties in Hollywood in what we’re told is the largest multifamily acquisition in Southern California so far for 2026. The purchase, which includes the 200-unit Columbia Square Living (now renamed “Sky Hollywood”) and the 193-unit Jardine Hollywood towers, totals 393 units and had a combined purchase price estimated to be just over $200 mil.
The high-profile properties enjoy premium locations in the heart of the entertainment capital of the world. Sky Hollywood is situated a block south of Hollywood Blvd at El Centro, and Jardine is located a block south of Sunset Blvd at Ivar.
Both properties offer luxury apartments with top-of-the-line amenities, including rooftop pools, large fitness centers, resident lounges, floor-to-ceiling windows, and luxury appliances. Each of the properties contains penthouses leasing from $12,000 to $20,000 per month. Current and past residents include film and television celebrities, social media influencers, professional athletes, and entertainment executives.
Sky Hollywood and Jardine are two of only five apartment towers in Hollywood and make up over half of the stock of high-rise units. These acquisitions bring the Advanced portfolio to almost 13,000 units in Southern California.
The acquisition was financed with $141 mil.4 mil in Freddie Mac money. Property Management will be handled in-house by Advanced Management Company (AMC). Advanced plans to make cosmetic upgrades to the properties, which will be administered by their affiliated construction company, R³ Construction Services.
The property sale was brokered by Blake Rogers, Senior Managing Director and National Multi-Housing Group Leader at JLL, Senior Director Dillon Bergum, and Managing Directors Alexandra Caniglia and Kip Malo of JLL Capital Markets. Kevin Mackenzie, President of JLL’s Capital Markets Group for the Americas, along with JLL’s Orange County-based Capital Markets team, including Senior Managing Director Greg Brown and Director Charlie Vorsheck, procured the two separate, uncrossed loans totaling $141.4 million from Freddie Mac. The financing has an attractive 5.17% rate, fixed for 10 years, with interest-only payments.
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