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12/16/20
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Lakehouse Apartments, a 128-unit value-add multifamily opportunity in Lake Elsinore, was purchased by Prism Multifamily Group, based in Ontario, Canada. It was sold by The Parker Equity Fund LLC, an affiliate of Forge Partners, based in San Diego.
Located at 15195 Lincoln St, Lakehouse features one-, two- and three-bedroom floor plans complete with gas stoves, walk-in closets, wood-style flooring, in-unit washers and dryers and private patios or balconies. Community amenities include dual pools and spas with cabanas, picnic area with barbecues, a playground area and two laundry facilities.
Tyler Sinks, Ed Rosen and John Chu of Berkadia represented the seller in the transaction. The price was not disclosed.
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