The Hawthorne Acquired by PCCP Alliance | Real Estate Services M&A Deal

PCCP Alliance has completed the acquisition of The Hawthorne, a real estate services other business in California, for $65.3 million. The Hawthorne is a 184-unit Riverside apartment complex at 9170 Indiana Avenue, providing multifamily rental housing across one-, two- and three-bedroom layouts. PCCP Alliance acquisitions expand the firms’ multifamily footprint in the Inland Empire, supporting a platform acquisition strategy in real estate services M&A and CA acquisitions. The private equity acquisition is announced as a platform acquisition with a $50 million–$100 million deal size range, and it follows prior PCCP Alliance acquisitions in Houston and the Philadelphia area.