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Housing Authority Sells Breezewood

156 Units Sell for $8.5M
By Debra Bixel
November 19, 2003 | 6:55 P.M.

KDF Communities LLC purchased the 156-unit Breezewood Apartments in Riverside, CA. Located at 1410 Satinwood Court, the property sold for $8.5 million, nearly $55,000 per unit, with a cap rate of 7.57 percent and gross rent multiplier of 7.26 percent. Situated on 13 acres, the two-story complex consists of all two-bedroom/one-bath units ranging in size from 798 to 840 square feet. There were no vacancies at the time of sale.

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