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StarPoint Properties Acquires $51.75 Million Multifamily Property in West Covina

WASHINGTON, D.C. - November 19, 2014 - (RealEstateRama) -- StarPoint Properties, an industry leader in acquiring, developing and re-positioning multifamily projects, has purchased the $51.75 million Lafayette Parc Apartments in West Covina, California. The 236,000-square-foot property is comprised of 259 units and is located at 624 South Glendora Ave. The name of the seller was not disclosed.

Recent Gov & Nonprofit Real Estate Press Releases

Gooden Seeks Transparency in Kaufman County Housing Policies

Congressman Lance Gooden sent a letter to the Dallas Housing Authority requesting answers and greater transparency regarding housing placement trends and neighborhood concentration concerns in Kaufman County. The letter responds to concerns raised by homeowners in the Gateway Parks subdivision in Forney about Housing Choice Vouchers and federal housing policies contributing to increased institutional investor ownership and neighborhood instability