Apartment Acquisition Marks Highest Price Paid in Orange County This Year

Nuveen, one of the most active investors in the Orange County apartment market, closed on its purchase of the 290-unit Amplifi in Fullerton, California, a high-end apartment building developed by Intracorp Homes earlier this year. The property’s price tag is a record for a single apartment complex in Orange County so far this year, selling for $168 million, or $579,000 per unit.