$31M Recently Closed by Chris Keramati

Triqor Group is excited to announce the recent closings of approximately $31 million worth of real estate in Southern California. Managing Partner, Chris Keramati, along with top-producer, David Oronoz, successfully represented both buyer and seller for the Newport Terrace Apartments in Newport Beach, and for the Casa Bonita Apartments in Sierra Madre in separate transactions.

The Newport Terrace Apartments sold for $21,600,000 and is a 49-unit property located on Superior Avenue near PCH. During the transaction, Chris and David were able to generate multiple offers and negotiate a long escrow period to supplement the seller’s 1031 exchange. The property is located less than a mile away from the beach and is walking distance from the area’s most prominent retail centers.

The Casa Bonita Apartments sold for $9,150,000 and is a 24-unit apartment building consisting of majority large two-bedroom units. Chris and David succeeded in negotiating suitable escrow measures for both the buyer and the seller and were able to quickly generate multiple offers. The property is located in the San Gabriel Valley north of Interstate 210.

Transaction Notes: 

  • Generated multiple offers.
  • Both properties sold for sub 3% Cap Rates.
  • Both properties sold coterminous for exchange purposes.

If you are considering an exchange to grow your portfolio:

Ask about Triqor Group’s Proprietary Exchange Program

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