StarPoint Acquires Multifamily Portfolio

StarPoint Properties LLC has acquired a portfolio of multifamily properties for $86 million. Nine of the 10 buildings included in the portfolio are located in the San Fernando Valley with one building in Granada Hills, two in Van Nuys, three in North Hollywood and three in Canoga Park. One Los Angeles building is also included in the sale. The properties include class B and class C buildings ranging from 42 units to 152 units. They were purchased from three different investors.