Northwood Investors

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    In a joint venture with Cigna Investment Management, the company purchased Arbor Heights, a 348-unit Class A garden-style community. This purchase marks the partners' fourth acquisition.

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    Dubbed G8, the project will be one of the area’s largest multifamily communities. California Landmark Group’s development is located in a former Marina del Rey industrial zone and is scheduled for 2019 completion.

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    The company arranged the refinancing for Castlewood Park, a 184-unit property in Buena Park, Calif. The debt placement was locked at below-market-rate interest.

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