JH REAL ESTATE PARTNERS BUYS THE COLONY APARTMENT COMPLEX

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ONTARIO, CALIF. — The Colony, a 160-unit apartment complex in Ontario, has sold to JH Real Estate Partners for $22.1 million. The Class A community is located within downtown Ontario's revitalization district. Joe Leon, Javier Rivera, Darcy Miramontes and Zach Rivas of Jones Lang LaSalle's capital markets team executed the sale. “[We were able to] locate a buyer who understood that this was an opportunity to acquire a Class A, newly constructed property at the beginning of the real estate cycle,” Leon says.

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