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.
Mi Cocina, a Mexican restaurant in Highland, is scheduled to hold a grand opening May 2 at its new location at San Manuel Village, which is also in Highland.
The restaurant has previously done business north of the Base Line and Church Street intersection in eastern Highland.
The San Manual Band of Mission Indians’ development unit, Victoria Development LLC, developed the San Manuel Village as a retail and commercial center to diversify their economic interests beyond San Manuel Indian Bingo & Casino.
Hampton Inn & Suites, the development’s key tenant, opened at the center in September 2008.