LOS ANGELES — CityView, an multifamily firm founded by former San Antonio mayor Henry Cisneros, has sold three multifamily rental properties in the Los Angeles area for $153 million.
The Venue, a 147-unit multifamily complex in Woodland Hills, sold for $38 million. The Enclave, a 306-unit multifamily project in Paramount, Calif., sold for $61.2 million. The 251-unit Torrey Pines, in West Covina sold for $53.8 million. The projects were acquired between April 2010 and June 2012.
Cisneros, the HUD secretary in the Clinton administration, authored a new book, recently published by ULI, titled: Urban Real Estate Investment: A New Era of Opportunity.