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.