Phoenix Realty Group on Tuesday announced the $21.5 million purchases of three apartment complexes in San Bernardino and Highland.
Two of the complexes, the 160-unit Ascot Park and 80-unit Summit Place, are in San Bernardino. The 192-unit Park Heights complex is in Highland.
All three properties had been repossessed by a lender in 2009, Phoneix reported. The new owners retained Coastline Real Estate Advisors, a Manhattan Beach property management and real estate firm.
Phoenix Realty Group has offices in Los Angeles and New York.