Lancaster Pollard closes affordable housing property sale

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Lancaster Pollard recently closed the $27.5 million sale of Northgate Terrace in California to WNC.

Northgate Terrace is an 11-story Section 202 affordable seniors housing property with 180 efficiency units and 20 one-bedroom units. WNC, a real estate investor, said it will perform a complete renovation of the existing property at a total cost of $47 million, including the acquisition and renovation, the firm said.

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