CALCAP Advisors Acquires 358 Units In Two Distressed Multifamily Transactions

CALCAP Advisors is announcing that it has purchased its first apartment community in Nevada, followed shortly thereafter by the purchase of its thirteenth apartment community in Arizona, to combine for a total of 358 units acquired in the month of May. Pecos Pointe Apartments, a 160-unit property in Las Vegas, was purchased for $6,000,000 ($37,500 per unit/$41.72 per square…