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Griffin Capital and Legacy Partners Sell 261-Unit Transit-Oriented Multifamily Community ‘MODA at Monrovia Station’ for $100 Million
April 22, 2021 GMT
MODA at Monrovia Station, Monrovia, California (Photo: Business Wire)
EL SEGUNDO, Calif. (BUSINESS WIRE) Apr 22, 2021
Griffin Capital Company, LLC (“Griffin Capital”), a leading privately-held alternative asset manager, and Legacy Partners (“Legacy”), a privately-owned national multifamily development and management firm, announced today the sale of MODA at Monrovia Station (“MODA”), a 261-unit, Class A multifamily community located in Monrovia, California. The property was purchased for $100 million by Opportunity Housing Group as a property administrator for the California Statewide Communities Development Authority (CSCDA). Legacy Partners developed the property in a financial partnership with Griffin Capital and Silv