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Benedict Canyon sells Calif. seniors housing facility

Benedict Canyon Equities Inc. sold the Sagewood Gardens seniors housing facility in California's San Gabriel Valley to Positive Investments Inc. for $34.4 million, The Real Deal reported.

The 162-unit multifamily complex sits on a 5-acre site at 14814 Gale Ave. in Hacienda Heights and features 21 residential buildings with 93,930 square feet of rentable space, among other amenities.

Positive and Benedict Canyon were represented by the Mogharebi Group. Benedict Canyon could not be reached for comment, according to the publication.