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Equity Residential Buys Koreatown Apartment Community Called Next on Sixth

Deal Comes as Multifamily Construction Booms in Los Angeles Neighborhood
Next on Sixth in the Koreatown neighborhood of Los Angeles. (CoStar)
Next on Sixth in the Koreatown neighborhood of Los Angeles. (CoStar)
By Karen Jordan
September 12, 2019 | 10:46 P.M.

Developer Equity Residential, based in Chicago, agreed to pay $189 million to buy Next on Sixth, a multifamily property known for its colorful murals in Koreatown near downtown Los Angeles, a neighborhood that has become a hot spot for new apartment construction.

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