Karisa Ventures Acquires 100-Unit Cottage Bay Apartments in Arden-Arcade for $16MM

Karisa Ventures pays $160,000 per unit as local hospitality investors continue strategic shift into multifamily assets amid hotel industry headwinds A local hotel ownership group has purchased a 100-unit apartment community in Arden-Arcade for $16 million, marking the latest move in what the buyers describe as a deliberate pivot away from the hospitality sector and […]