BRE Properties, Inc., a real estate investment trust, announced its sale of Windrush Village, a 366-unit apartment complex in Colton.
The investment trust also reported the sale of Galleria at Towngage, a 268-unit complex in Moreno Valley. The San Francisco-based BRE Properties reported the sales are part of a strategic move to divest from the eastern Inland Empire and focus on coastal markets.
BRE did not disclose the properties’ new owners in its announcement. The Colton and Moreno Valley complexes sold for a gross sales price of $65.2 million.