Medici Apartment Homes in Bermuda Dunes Purchased by The Korda Group

  |     |   Acquisitions

Medici Apartment Homes in Bermuda Dunes, California was acquired by the Korda Group in December 2020. The 140 Unit Property was built in 2005 and features resort style amenities including a pool area with a cabana and outdoor TV, renovated clubhouse, and a fully equipped, state of the art gym. “The Cochella Valley has seen impressive rent growth during the Pandemic,” said Korda Group Development Manager Aaron Korda, “and we expect that trend to continue for the foreseeable future.” The acquisition was financed by CBRE Capital Markets. 

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