UBS Invests $74M in N. Hollywood Luxury Apts.

A core fund managed by UBS acquired NoHo14, a 180-unit mixed-use high-rise at 5435-5449 Lankershim Blvd. in the NoHo Arts District of Los Angeles, CA, for $ 73.9 million or $ 410,583 per unit. A joint venture led by Beverly Hills-based Kennedy Wilson, Guardian Life Insurance and Urban
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UDR/MetLife II Acquires Columbus Square Apts for $630M

UDR/MetLife II UDR, Inc., a leading multifamily real estate investment trust, formed a new real estate joint venture with MetLife, known as UDR/MetLife II, with each party owning a 50-percent interest in a $ 1.3 billion portfolio of 12 multifamily communities totaling 2,528 apartment
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