TWO APARTMENT COMMUNITIES SELL FOR $7.8 MILLION

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BOULDER CITY, CALIF. — Bountiful Properties & Investments Inc. has completed the disposition of Casa De Alicia and M&M II apartment communities to M&M Boulder City Apartments LLC for $7.8 million. Located in Boulder City, the Case De Alicia offers 50 units and M&M II offers 56 units. The one-, two- and three-bedroom units range in size from 617 to 994 square feet. Green Park Financial provided financing for the transaction. Locally based Preferred Property Management has been retained to manage the properties. Michael Shaffner and Michael LaBar of Marcus & Millichap represented both parties in the transaction.

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