California

ONTARIO, CALIF. — Convenient Holdings has acquired Rancho Vista Apartments, a 125-unit community in Ontario, roughly 40 miles east of Los Angeles. Clear Capital sold the asset for $46.3 million. Built in 1984, Rancho Vista Apartments features two- and three-bedroom floor plans. The average unit size is 1,022 square feet. Amenities include a pool, cardio and weight training center, picnic area with barbeque grills, gated access and on-site maintenance. Alexander Garcia, Kyle Pinkalla, Chris Zorbas, Kevin Green, Joseph Grabiec and Gregory Harris of Institutional Property Advisors, a division of Marcus …

SAN DIEGO — MG Properties has acquired Park 12 Apartments, a 35-story high-rise property located in downtown San Diego, for $309 million. The property is situated adjacent to Petco Park, home of the San Diego Padres Major League Baseball team, within the Ballpark Village master planned community. Built in 2018, Park 12 offers a mix of studio, one-, two- and three-bedroom units, including penthouse units with exclusive access to a lounge on the 32nd floor. Shared amenities include pools with poolside event space, a fitness center, golf simulator and putting …

UPLAND, CALIF. — MJW Investments has acquired Coventry Square Apartments, a 92-unit community located in Upland, approximately 25 miles west of San Bernardino, California. MJW purchased the asset from an undisclosed seller in an off-market transaction. The sales price was also not disclosed. Built in 1980, Coventry Square Apartments consists of 46 buildings on 9.3 acres. The asset features two-bedroom apartments that average 1,178 square feet. Residents have access to amenities such as a pool, landscaped courtyards and on-site parking. 

IRVINE, CALIF. — Matthews Real Estate Investment Services has appointed Mark Bridge as executive vice president and senior director. Based in Matthews’s Orange County office in Irvine, Bridge will specialize in the acquisition and disposition of multifamily properties throughout Southern California. He will focus on communities with 20 to 100 units. Prior to joining Matthews, Bridge served as a managing director at Cushman & Wakefield. He previously spent 17 years at Marcus & Millichap.