Universe Holdings and Hanover Financial paid $100 million to purchase the Capes at Ventura property at 760 S. Hill Road in Ventura, Calif., from Colony NorthStar Inc. in an the off-market deal, The Real Deal reported, citing Real Capital Analytics.
The property includes 33 two-story buildings with 308,600 square feet of living space.
Universe has allocated $6.5 million for capital improvements, the publication noted.
