Concord Capital Partners is growing its multifamily holdings in Los Angeles. The Beverly Hills-based investment firm paid $79 million to two sellers in separate deals for five historic properties in Hollywood, Koreatown and Westlake, Commercial Observer reported. In total, the buildings have 537 units and were all constructed in the 1920s. In Hollywood, Concord snapped up The Fontenoy, a 51-unit building at 1811 Whitley Avenue. Farther south in Koreatown, the firm acquired The Langham, a 181-unit building at 715 Normandie Avenue; The Sir Francis Drake, a 61-unit property at 841 Serrano Avenue; and The Piccadilly, a 74-unit property at 682 […]
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