JV purchases $123m complex.
TUSTIN Tustin (tŭs`tĭn), residential city (1990 pop. 50,689), Orange co., S Calif., part of the greater Los Angeles area; founded 1868, inc. 1927. Plastics, furniture, computers, and electronic equipment are manufactured. , CA: In their latest joint venture, Security Properties Inc. and Principal Real Estate Investors A real estate investor is someone who actively or passively invests in real estate. An active investor may buy a property, make repairs and/or improvements to the property, and sell it later for a profit. have partnered to buy the 628-unit Creekside Creekside may refer to: - Creekside, Kentucky, a city in Jefferson County.
- Creekside, Pennsylvania, a borough in Indiana County.
- Creekside, Deptford, in London, England.
Meadows Apartment complex in Tustin, Calif. for $123 million. "SP believes Orange County is one of the strongest apartment markets in the country in terms of continued rent growth, projected job growth and projected population growth," said Lonnie Nadal, director of acquisitions for Security Properties Inc. "We also believe when the former Tustin helicopter helicopter, type of aircraft in which lift is obtained by means of one or more power-driven horizontal propellers called rotors. When the rotor of a helicopter turns it produces reaction torque which tends to make the craft spin also. base gets redeveloped, not only will thousands of jobs be created, but the addition of 5000 new households will generate a new excitement for the city that even existing neighborhoods will benefit from."
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