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Advanced Real Estate Buys 126-Unit Casa La Paz Apartment Community in Rowland Heights, California
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Advanced Real Estate Buys 126-Unit Casa La Paz Apartment Community in Rowland Heights, California
ROWLAND HEIGHTS, CALIF. — Advanced Real Estate has purchased Casa La Paz, a 126-unit multifamily property located in Rowland Heights, an unincorporated community in the San Gabriel Valley within Los Angeles County. The company acquired the property via its Advanced Fund 24-3, a 721 tax-deferred “exchange and contribution” structure. Through this process, the former ownership group contributed the property into the fund in exchange for partnershi…
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