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Carlyle buys Los Angeles apartment complex for $272.5M

A joint venture between Holland Partner Group and North America Sekisui House LLC sold the 648-unit Sofia Los Angeles apartment complex in the Westlake neighborhood of Los Angeles to Carlyle Group LP for $272.5 million, The Real Deal reported, citing Los Angeles County property records.

The mixed-use property at 1120 W. 6th St. includes 28,000 square feet of retail space with tenants including Grocery Outlet, Starbucks and Chipotle.

The apartment complex opened in August 2017 and the sellers first listed it for $330 million in June 2018, according to the report.