IPA Negotiates $35.3M Sale of ReNew Riverside Apartment Complex in Inland Empire


Located in Riverside, Calif., ReNew Riverside features 128 apartments, a swimming pool, business center, laundry facility and covered parking.

RIVERSIDE, CALIF. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of ReNew Riverside, a multifamily property in Riverside. FPA sold the asset to Interwest Capital Group for $35.3 million, or $276,171 per unit.

Built in 1987, the property features 128 two-bedroom units with an average size of 841 square feet. Community amenities include a swimming pool, business center, laundry facility and covered parking.

Alexander Garcia Jr., Tyler Martin and Christopher Zorbas of IPA represented the seller and procured the buyer, which assumed the existing debt, in the deal.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Walker & Dunlop

Subscribe to the newsletter

Webinars on Demand

Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties