Post Investment Group has scooped up the San Regis apartments, a 390-unit, five-building complex at 15454 Sherman Way in Van Nuys, paying about $69 million. At roughly $176,923 per unit, the sale ranks as one of the largest multifamily trades in the San Fernando Valley this spring.
San Regis is a gated community with two levels of subterranean parking, a junior-Olympic pool, three pickleball courts and a modernized fitness center, according to a press release from Institutional Property Advisors. That release also notes that owner Nuveen has put nearly $17 million into unit and common-area upgrades since 2020, improvements that brokers said helped draw in institutional buyers.
Industry reporting identified Post Investment Group as the buyer and pegged the price at $69 million, with CoStar first reporting the transaction and terms. Public-record details compiled by property databases show the deed recorded in mid-April, and property listings reflect the same sale price and date. Redfin lists the recorded sale information.
Why This Deal Matters For The Valley
Brokers say the deal highlights steady investor appetite for large, renovated garden-style apartment communities tucked near pricier Sherman Oaks and Encino as pricing pressure pushes north. Connect CRE reported that Institutional Property Advisors called this the largest multifamily transaction by unit count in Van Nuys since 2015, and noted that the broker team leaned heavily on the recent capital investments. "Because of nearly $17 million invested in capital improvements since 2020, this asset's effective age is closer to 2000," the broker team said, according to that report.
What Post's Ownership Could Mean
Post Investment Group already features San Regis on its portfolio pages, signaling that the complex has been folded into the firm's holdings. In its own materials, Post Investment Group emphasizes multifamily repositioning and workforce/affordable housing, a focus that suggests the buyer intends to operate and maintain the property rather than chase immediate redevelopment.
For tenants, a sale to an institutional owner often translates into cosmetic upgrades, spruced-up amenities and occasional rent resets as new ownership looks to capture value. Brokers have also pointed out that converting market-rate units into deed-restricted affordable housing is one potential long-term strategy for owners, though no such conversion or regulatory shift has been announced for San Regis.
