Torchlight Investors announces the closing of a $23.2 million preferred equity investment on a 461-unit multifamily property in Downey, California. Located just south of Downtown Los Angeles, the property features a swimming pool, fitness center, and two pet parks.
Torchlight Investors is a leading investment manager specializing in commercial real estate debt, offering institutional clients access to private and public market investment strategies. Since 1995, Torchlight has managed over $30 billion in commercial real estate debt investments across the credit spectrum.
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