NextGen Properties Group has paid $49.63 million, or $387,734/unit, for the 128-unit Alivia Apartments in Whittier, Calif. The Irvine, Calif., real estate company purchased the property as part of a tax-deferred exchange from an affiliate of Fairfield Residential of San Diego. Marcus & Millichap’s Institutional Property Advisors unit brokered the deal and arranged a $19.13 […]

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