The Hawthorne, a 184-unit, multifamily community in Riverside, was acquired by a joint venture between PCCP and Alliance Residential Company for $65.3 mil ($355k/unit). The property covers 6.7 acres east of I-15 and adjacent to the 91 Fwy.
Consisting of 16 three- and two-story buildings and one single-story amenity building, The Hawthorne was delivered in 2023 and is a garden-style multifamily community. The property offers a mix of one-, two-, and three-bedroom floorplans averaging approximately 873 sf and is characterized by townhome-style architecture.
The units feature modern finishes throughout including quartz countertops, kitchen islands, stainless steel appliances with gas ranges, in-unit washers and dryers, vinyl plank flooring, and private patios or balconies. On site amenities include a resort-style pool and spa with cabanas, multiple landscaped courtyards with BBQs and fire pits, a clubhouse with entertainment areas, and a club-quality fitness center. There are 330 parking spaces, including 183 private garages…