ConnectCRE PGIM Real Estate has purchased a majority stake in the Napa Green Apartments in Napa, Calif., in a deal that values the 166-unit property at $45 million, or $271,084/unit. Interstate Equities Corp. of Los Altos, Calif., sold the stake and will retain a minority interest in the property JPMorgan brokered the recapitalization. Napa Green, […]

The post PGIM Real Estate Buys Majority Interest in Napa, Calif., Apartments appeared first on Commercial Real Estate Direct.