Post Investment Group Buys 302-Unit Violet on Virgil From Blackstone’s LivCor for $60MM, a 33% Haircut in LA’s Rampart Village

Blackstone's apartment platform LivCor has sold the 302-unit Violet on Virgil complex near Koreatown to Post Investment Group for $60 million, booking a roughly one-third loss on its 2018 purchase as older Los Angeles rentals reprice under higher cap rates and new supply.