Archway Equities Acquires The Paseos at Montclair Apartments in California for $150M

MONTCLAIR, CALIF. — Archway Equities has acquired The Paseos at Montclair, a 385-unit apartment community in the Inland Empire city of Montclair, for $150 million. 

The Paseos at Montclair was built in 2014. The garden-style community offers studio, one-, two- and three-bedroom units. Amenities include two pools with spas and cabanas, a fitness center, yoga room, children’s entertainment suite, conference center and entertainment lounge.

Pacific Urban Investors’ structured finance group provided preferred equity to facilitate the transaction. The seller was not disclosed.