North Hills Apartment Portfolios Sold

Two apartment portfolio sales have closed in North Hills for more than $23 million, according to real estate database firm CoStar Group Inc. Boston real estate-focused private equity firm Rockpoint Group paid $13.6 million in October for a portfolio of 128 units across four apartment complexes on Orion and Langdon avenues in North Hills. Presidential Financial of Newbury Park was the seller. In a second deal in November, Rockpoint bought 68 units spread among three apartment properties on Blythe Street for $9.6 million from John Chiu of Presidential Financial Funding Foundation. Nazanin Safavi of LGI – Villa Media of North Hills represented the seller on the larger of the two deals.