BlackRock Pays Nearly $77M for CA Apt. Complex

Invesco Sells 440-Unit Property in Chino Hills

BlackRock Realty Advisors Inc. sold an apartment complex at 4200 Village Drive in Chino Hills, CA, to Invesco Real Estate for $76.72 million, or approximately $174,364 per unit, with a seller's cap rate of 4.5%

The Woodview Apartments is a 32-building, 440-unit complex totaling 300,904 square feet. Built in 1989, the Woodview Apartments includes units ranging from 501 to 1,375 square feet and 443 parking spaces.