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Investor Snags Pair of Apartments in California’s Inland Empire

Tower 16 Picks Up Colton Properties for $41 Million
The Reche Ridge Apartments, which is one of a pair of apartments that Tower 16 Capital Partners acquired. (CoStar)
The Reche Ridge Apartments, which is one of a pair of apartments that Tower 16 Capital Partners acquired. (CoStar)

Tower 16 Capital Partners, a multifamily investor with a focus on properties in need of renovation, acquired a pair of apartment complexes in California’s Inland Empire, which has been capturing increasing demand from renters leaving higher-priced areas such as Los Angeles.

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