Waterford Property Company Brings More Essential Housing to Pasadena with Acquisition of 105-Unit Multifamily Community
Retrieved on:
Thursday, November 4, 2021
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Quality of life, Local government, City, League of California Cities, Property, Ownership, Income, AMI, Pasadena, California, Multimedia, Workforce, Program, Partnership, Association, Acquisition, League, California State Association of Counties, THEO, Housing, Property management, Lease
Waterford Property Company (Waterford) in partnership with California Statewide Community Development Authority (CSCDA) has acquired THEO, a 105-unit multifamily community located at 289 N. El Molino Ave. in Pasadena, for $67 million.
Key Points:
- Waterford Property Company (Waterford) in partnership with California Statewide Community Development Authority (CSCDA) has acquired THEO, a 105-unit multifamily community located at 289 N. El Molino Ave. in Pasadena, for $67 million.
- View the full release here: https://www.businesswire.com/news/home/20211104005551/en/
THEO is a 105-unit multifamily community located at 289 N. El Molino Ave. in Pasadena, CA now part of Waterford Property Company's Essential Housing Program. - As part of this essential housing program, average per unit rent with the new rent restrictions in place will be $2,860.
- Waterford Property Company is a diversified real estate investment and development company with an established track record in the acquisition and development of over $2 billion in multifamily and commercial properties.