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Key Points
Seminole Real Estate Fund’s $68.4 million purchase of the 144-unit Vinz on Fairfax was the priciest multifamily sale in the City of Los Angeles for the first three quarters of the year.
The property, located at 950 South Fairfax Avenue, was sold by Alliance Residential, which completed its construction in 2018.
The second- and third-priciest multifamily transactions were a two-building student housing portfolio near the University of Southern California, which sold for $100 million to Landmark Properties and Stockbridge.