88-Unit University Gardens Apartments Trades for $16.375MM Near UC Riverside

Kidder Mathews closed the $16.375 million sale of the 88-unit, 1964-built property at a 6.38 percent cap rate, betting that its recently completed renovations and proximity to a rapidly growing UC Riverside will drive the roughly 10 percent rental upside brokers identified in marketing the deal. A 1960s-era apartment complex a mile from one of […]