September 26, 2022
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Simi Valley apartments swapped for Sacramento dwellings

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Joshua Molina Los Angeles-based Decron Properties has traded a 264-unit multifamily property in Sacramento and an undisclosed amount of cash to Sequoia Equities in a direct exchange for a two-property, 504-unit apartment portfolio in Simi Valley, in a transaction valued at $193 million. “A direct exchange is highly unusual and had never been executed by…

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