Western University Student Housing Sells for $15M

Buyer: Virtu Investments and Lowe Enterprises Investors
Seller: Pomona Helix LLC
Location: Pomona, CA
Campus: Western University (student population: 2,000)
Price: $15.0 million
Broker: Hendricks & Partners

Western University Student Housing Sells for $15M – April 3, 2007

A joint venture of Carlsbad, CA-based Virtu Investments and Lowe Enterprises Investors purchased the 100-unit apartment community at 510 E. 3rd St. in Pomona, CA, for $15.1 million, or about $151,250 per unit.

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