News & Press

Orange County Community Trades for $17M


California Landmark Group has acquired The Windmill Apartments, a 186-unit community located in Westminster, Calif. The property is encumbered by a ground lease with approximately 29 years remaining on the term, with no options to extend. The asset traded for $17.2 million, or $92,473 per unit.

Ken Morgan, partner & founder of Morgan Skenderian, and Peter Gillin, associate of the company, represented both California Landmark Group and the seller, a Riverdale-based private owner, in the transaction that completed within 45 days of executing the purchase agreement.

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