Asante Villas is a 120-unit apartment community in Moreno Valley, California, that was built in 1985.
Moreno Valley is an area of ongoing economic growth, and Asante Villas offered an array of neighborhood amenities, a job-rich local economy, and desirable home features. Positioned in northwestern Riverside County, the homes are minutes from the 60 and 215 freeways with easy access to surrounding communities.
The property has been sold on October 2017 and was a well-located multifamily asset with significant value-add upside in one of the most desirable multifamily investment markets in the Western United States.
The asset is conveniently located in Moreno Valley which is a business-friendly city in an area of Southern California that offers the large amounts of open space required for construction of distribution and logistics centers, a combination that delivers many economic benefits to the area, and by so a support for continues positive immigration.