David Erickson

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    IPA arranged the sale of Cielo Apartments, a Class A, 119-unit community in Chatsworth. Amenities include a clubhouse, fitness center and 208 parking spaces.

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    The company invested nearly $23 million in upgrades to the properties and sold the portfolio for $77 million. Cushman & Wakefield represented Audubon in the transaction.

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  • Baron Properties Buys Phoenix Community for $20M

    Since acquiring Capella Place in 2012 for less than half the price, Gelt has made several improvements, adding value to the 150-unit property.

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  • JV Closes Refi of Affordable NJ Property

    The Diocesan Housing Services Corp., MDG Design + Construction and Hudson Valley Property Group will help maintain the affordability of 205 units in Cape May for the next two decades.

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