NAI Capital Closes 90 Unit Senior Housing Deal for $10.5 Million

WILMINGTON, CA – April 3, 2013 – (RealEstateRama) — Tim Steuernol with NAI Capital’s West L.A. office represented the Buyers, Preservation Partners and Clifford Beers Housing, in the purchase of a 90 Unit Affordable Housing Complex for Seniors located at 1100 N. Banning Boulevard in Wilmington, CA 90744 from the Seller, VPP Banning Villas Apartments VP. The Seller was represented by Kanna and Ramu Sunkara of Sunkara Investments, Inc. The value of the sales transactions was 10.5 Mil.