Park Encino Acquired by Universe Holdings | Real Estate Services M&A Deal

Universe Holdings has completed the acquisition of Park Encino, a property management business in California, for $28 million. Universe Holdings acquisitions focus on operating multifamily apartment communities, and the Park Encino acquisition adds a 52-unit Encino asset at 4940 Paso Robles Avenue. The property management acquisition supports real estate services M&A activity in Los Angeles, with unit mix centered on two- and three-bedroom apartments and amenities including a gated courtyard, clubhouse, and fitness center. The add on acquisition is a private equity acquisition with a deal size in the $25M–$50M range, closing as a closed transaction. Park Encino was built in 2014, and the buyer’s entry into Encino reflects demand for institutional-grade multifamily inventory in the San Fernando Valley.