Southern California real estate firm Eagle Partners has acquired a 350-unit multifamily
property for $107 million, according to broker Marcus & Millichap.

In a Monday news release, Marcus & Millichap said its Institutional Property Advisors division arranged the sale and financing of the Hills at Hacienda Heights complex in the San Gabriel Valley. The seller of the property was not disclosed.

The Hacienda Heights, California, property was built on a 10-acre site in 1970 and has been undergoing a series of renovations since 2015, according to a news release. The gated community boasts three swimming pools, a spa, fitness center and other amenities.

The complex is within commuting distance to a variety of employment centers in the City of Industry, Pasadena and downtown Los Angeles. The property is situated near Interstates 10 and 605, along with California State Routes 60, 57 and 72, according to a news release.

IPA’s Kevin Green, along with Joseph Grabiec and Gregory Harris, represented the seller and procured buyer Eagle Partners.

“We are excited to close our first transaction with Eagle Partners,” Green, executive managing director of IPA, said in a statement. “They demonstrated strong execution throughout the transaction, moving efficiently from due diligence through closing.”

Eagle Partners and Marcus & Millichap did not immediately respond to messages seeking comment Tuesday. Counsel information was not available