MBK Rental Living Announces Sale of 344-Unit Luxury Multifamily Community in Los Angeles County
IRVINE, Calif. — MBK Real Estate Companies, the multifamily development arm of MBK Real Estate Companies, announced Feb. 25, 2026, the completed sale of Esperanza at Duarte Station, a 344-unit luxury apartment community located in Duarte, California, within Los Angeles County. Financial terms and the identity of the buyer were not disclosed.
Property Overview: Esperanza at Duarte Station
Situated at the intersection of Highland Avenue and Fasana Road, Esperanza at Duarte Station is a multifamily community that opened in November 2022. The property offers 344 apartment homes. Its location places residents near the Duarte/City of Hope Metro Gold Line station.
Brokerage and Financing
Berkadia represented the seller in the transaction. The investment sales team was led by Ryan Fitzpatrick, Chelsea Jervis, and CJ Angle. Berkadia's capital markets team, comprising Kevin Mignogna, Charlie Haggard, Michael Beach, Lee Scott, and Joey Guarino, arranged acquisition financing for the buyer. No loan terms were disclosed.
Portfolio Context
MBK Rental Living describes itself as a lifestyle developer of apartment communities and has maintained an active pipeline across Southern California, Northern California, and Colorado.
MBK Rental Living has also been active in Anaheim, where Zia, a 315-unit development at 1600 W. Lincoln, launched pre-leasing in mid-2024. The firm also announced plans for Natomas Fountains, a 303-unit luxury development in Sacramento, in partnership with Hines, a global real estate investment, development, and property management firm.
MBK Real Estate Companies is headquartered in Irvine, California.