Slate Property Group makes first investment in LA with $39M portfolio buy

Slate Property Group, a New York City-based real estate
investment and development firm, has paid $39 million to acquire
two multifamily properties in Hollywood, The Real Deal has learned.
The off-market deal, which closed Thursday, marks the first
investment in Los Angeles for Slate, a player in New York’s real
estate market. The portfolio includes the historic, 102-unit Villa
Elaine Apartments at 1245 Vine Street, as well as a smaller 55-unit
complex at 1665 Sycamore […]

Source: FS – All – Real Estate News 2
Slate Property Group makes first investment in LA with M portfolio buy