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Report: Clarion Partners buys Torrance, Calif., apartment assets for $221.5M

Rockpoint Group LLC sold the 239-unit Park Anza and the 183-unit W 235 properties in Torrance, Calif., for $221.5 million, IPE Real Assets reported, citing people familiar with the matter.

The two apartment complexes, which have a 95% occupancy rate, were sold to Clarion Partners LLC.

Neither Clarion nor Rockpoint commented on the matter, according to IPE.