Playa del Rey - Playa del Rey, California

This 292-unit apartment
project is situated within close proximity to the employment hub of the
Los Angeles International Airport and the resort communities of Marina
del Rey and Playa Vista. A Hanover sponsored joint venture acquired
this asset at a very competitive basis with rents below market. The
Partnership upgraded the common areas and unit interiors and
successfully sold the asset to a private investor. See other apartment
investments.

 
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