trending Market Intelligence /marketintelligence/en/news-insights/trending/foLh2uaEkXR__6vVkEXexg2 content esgSubNav
In This List

Blackstone Real Estate pays $57M for Calif. apartment complex

Blog

Insight Weekly: Recession risk persists; Banks pull back from crypto; 2022 laggard stocks rally

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Insight Weekly: Inflation eases; bank M&A slows; top companies boost market share

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet


Blackstone Real Estate pays $57M for Calif. apartment complex

An entity of private equity giant Blackstone Group LP paid $56.7 million for the acquisition of the Miro Apartments complex in Santa Fe Springs, Calif., from real estate investor Praedium Group LLC, The Real Deal reported, citing property records.

Blackstone Real Estate Income Trust Inc. obtained a $28.2 million loan from California Bank and Trust for the purchase of the 100-unit property.

Fairfield Residential Co. LLC built Miro Apartments in 2015 and sold it to Praedium for $47 million in 2016, according to the publication, which cited Bisnow.

The complex at 12257 Heritage Springs is part of the larger 5.8-acre Village at Heritage Springs master-planned community, the March 12 report added.