B.A.G. Investments Lands 104-Unit Parc @ 5 in Downey for $40.35MM in 605 Corridor Play

Colliers brokered the off-market trade at roughly $388,000 per unit, with Freddie Mac providing $28.25MM in debt financing B.A.G. Investments, Inc. has acquired Parc @ 5, a 104-unit garden-style apartment community in North Downey, for $40,350,000, betting that scarcity of large-scale rental product in one of Southern California's most supply-constrained submarkets will continue to drive […]