MJW Properties, an LA-based private real estate investment firm, closed on institutional-quality residential buy in the Inland Empire, paying $44 mil for Broadstone Overlook, a 256-unit ($172k/unit) asset in Moreno Valley. The community, located at 12963 Moreno Beach Dr, is situated within the desirable Rancho Belago submarket of eastern Moreno Valley. Broadstone Overlook was built in 2007 by Alliance Residential
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