$51,000,000

Park Lane Villas East is a 2007 mixed-use community comprising nine three story buildings on approximately 3.3 acres in southwest Santa Rosa, the economic center of Sonoma County. The Property includes 100 residential apartments and a ground floor commercial component. Its residences span approximately 114,663 square feet across seven floor plans, ranging from two-bedroom flats to three-bedroom, two-and-a-half-bath townhome style homes. Averaging approximately 1,024 square feet, the apartments feature in-unit laundry and private outdoor space. Developed as a condominium project alongside Park Lane Villas West, 960 Doubles Dr has operated as a rental community since completion, while the West residences were sold individually. The result is a distinctive investment offering an established multifamily asset with commercial income, potential rent growth as leases turn over, and a condominium ownership structure that may provide future disposition flexibility, subject to legal and market review.