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Cinnamon Ridge Luxury Senior Living Complex Sold for $15.5 Million

Positive Investments Buys Ontario Community From Crystal Asset Management
The 101-unit Cinnamon Ridge Luxury Senior Living facility on East 4th Street in Ontario, Calif., sold at a 5.2% capitalization rate. (CoStar)
The 101-unit Cinnamon Ridge Luxury Senior Living facility on East 4th Street in Ontario, Calif., sold at a 5.2% capitalization rate. (CoStar)
By Randy Evans
May 14, 2020 | 1:49 P.M.

Positive Investments, a Southern California-based diversified real estate investment and property management company, purchased the Cinnamon Ridge Luxury Senior Living multifamily community at 1051 E. 4th St. in Ontario, California, for $15.5 million, or about $153,000 per unit, from Crystal Asset Management in Beverly Hills.

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News | Cinnamon Ridge Luxury Senior Living Complex Sold for $15.5 Million