Projects for $153 Million: Henry Cisneros Firm Sells Three Multifamily

Henry Cisneros

In Los Angeles, CityView, an multifamily firm founded by former San Antonio mayor Henry Cisneros, has sold three multifamily rental properties in the Los Angeles area for $153 million.

The Venue, a 147-unit multifamily complex in Woodland Hills, sold for $38 million. The Enclave, a 306-unit multifamily project in Paramount, Calif., sold for $61.2 million. The 251-unit Torrey Pines, in West Covina sold for $53.8 million. The projects were purchased between April 2010 and June 2012.

Cisneros, the HUD secretary in the Clinton administration, authored a new book, recently published by ULI, titled: Urban Real Estate Investment: A New Era of Opportunity.