Advanced Real Estate buys Inland Empire apartment complex for $56M
Thursday, November 12, 2026 · first reported by Commercial Observer
Casitas Apartment Homes, a 253-unit community at 1900 South Campus Avenue in Ontario, Calif., has been acquired by Advanced Real Estate, an Orange County-based investment firm. The deal valued the Inland Empire property at $56.2 million, roughly $222,000 for each unit. The Mogharebi Group brokered it.
Advanced assumed the existing 3.11 percent loan. Paul Julian, the firm's president, said equity from 13 smaller assets contributed to Advanced's X Fund via 721 contributions in 2023 funded the purchase. Property records list Benedict Canyon Equities as the owner of the 1963 property. Otto Ozen and Jordan Pakzad of the Mogharebi Group acted for the seller.
- Fund
- X Fund
- Deal value
- $56.2M
- Asset class
- Real estate
- Geography
- North America
Advisers Mogharebi Group (financial adviser)
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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