L.A. Company Buys $107M Worth of Lakewood Apartments

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Gelt Inc., a Los Angeles-based real estate investment management firm has purchased two apartment complexes in Lakewood for $107 million.

Ascend at Red Rocks was built in 1981 on 16.5 acres near Union Square in Lakewood, at 13105 W. Second Place. Elevate at Red Rocks was constructed in 2000 nearby at 409 Zang St. on 9.5 acres at the southwest end of Union Ridge Park.

Image courtesy of Ascend at Red Rocks.


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