PRESS RELEASE

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July 24th, 2019

Miramar Capital Completes Acquisition of 1741 & 1761 Park Avenue Apartments in Long Beach, CA

Miramar Capital is pleased to announce the acquisition of 1741 & 1761 Park Avenue Apartments. The property is located near the Park Estates neighborhood of east Long Beach, which provides residents with a strong amenity base, convenient freeway access, and proximity to employment opportunities. Long Beach continues to experience steady growth due to its prime coastal location, business-friendly policies, and $2.5 billion worth of upcoming public and private projects.

The property is comprised of two adjacent buildings with 69-units totaling 63,274 rentable square feet.