Alliance Adds Lasselle Place to Southern California Portfolio
Alliance recently closed on the sale of Lasselle Place, a 304-unit garden-style community located in Moreno Valley. The property sold for $45 million and is considered to be one of the few larger value-add residential assets to trade in Southern California this year. Lasselle Place features a mix of one-, two- and three-bedroom homes and sits on 15 acres in the highly desirable Rancho Belago neighborhood, near 142,000 square feet of retail space and numerous business developments. To meet the needs of this rapidly improving submarket, Alliance plans to make considerable upgrades to the property’s interior amenities and common areas.
To read more about this acquisition, click the links below: