INSIDE THE DEAL: Private Co. Moves Ahead on $70M Acquisition in Southern Calif.

By Keat Foong, Executive Editor Rancho Santa Margarita, Calif.—Has the apartment market bottomed? Here is one company that is currently in acquisitions mode for conventional apartments.  The Newport Beach-based Stoneridge Capital Partners purchased the Class A, 498-unit Avila Apartment Homes here from The Northwestern Mutual Life Insurance Company for $70