Material Comforts pays $85M for San Fernando Valley apartment portfolio

Material Comforts has bought a portfolio of 16 apartment complexes in the San Fernando Valley for $85 million. The Florida-based investor led by Sholom Coleman purchased the nearly 596 apartments in Van Nuys, North Hills, Panorama City and Canoga Park, the Los Angeles Business Journal and the Commercial Observer reported. The sellers were Chicago-based Heitman, […]This article originally appeared on The Real Deal. Click here to read the full story.