Christ Unity Manor High-Rise in Koreatown Sells for $22.5 Million


“’This was the perfect storm for the right buyer,” said Gould, the lead member of the Colliers team that represented both parties to the transaction. “This project provided an opportunity for the right buyer to keep HUD-subsidized rents on the property at about the same level they are now and still maximize its investment through the extension of the HUD contracts, tax incentives, building upgrades, and other inducements.’”
Link to the press release

Outcome