Equity One Sells 2 CA Assets for $124.9 Million

Nine months after closing on Capital & Counties USA’s portfolio of mixed properties for $ 593 million, Equity One (NYSE:EQY) sold two of the assets for $ 124.9 million.

The first was the 304-unit Trio Apartments complex in Pasadena, CA. The five-story structure at 621 E. Colorado Blvd. traded for $ 112.2 million or $ 369,000 per unit, including the assumption of a $ 62.8 million loan. Equity One owned a 50 percent interest in the structure.

The…
South Florida Commercial Real Estate News From CoStar Group