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Advanced Real Estate Services Acquires The Crossings Apartment Complex in Chino Hills for $120M

The-Crossings-Chino-Hills-CA

The Crossings in Chino Hills, Calif., features 346 apartments, a swimming pool, fitness center, turf soccer field and dog park.

CHINO HILLS, CALIF. — Advanced Real Estate Services has purchased The Crossings, a multifamily property located in Chino Hills. An undisclosed seller sold the asset for $120 million in an off-market transaction.

Constructed in 2019 on more than 32 acres, The Crossings features 346 apartments, a resort-style pool area, clubhouse, two-story fitness center, turf soccer field, dog park, electric-vehicle charging stations, package lockers, a business center and playground.

Mike Elmore, Joe Giordani and Brendan Golding of NorthMarq’s Newport Beach team arranged a $76.8 million Fannie Mae Green loan for the transaction, with 10 years interest-only payments at 2.44 percent fixed rate.

Margie Malloy of Berkadia’s Inland Empire office represented the buyer in the transaction.

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