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Pro Residential Services Buys 162-Unit Affordable Housing Community in Mojave, California
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Pro Residential Services Buys 162-Unit Affordable Housing Community in Mojave, California
MOJAVE, CALIF. — Pro Residential Services has acquired Park Palace Apartments, an affordable housing property in Mojave, from Park Plaza One Apts LP for $8.9 million. Cray Carlson of CBRE represented both parties in the transaction. Located at 16193 and 16197 H St., Park Palace Apartments offers 162 apartments. Constructed in 2007 and 2011, the property operates as a low-income housing tax credit community. The asset is subject to long-time affo…
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