Cambridge Tower Apartments
Ventura Enterprises purchased the 210-unit Cambridge Tower Apartments in 2007
for $21 million. The property was managed by the company from the purchase until
the beginning of 2011 when refinancing was secured through FreddieMac and
management changed hands. Ventura Enterprises received approval for
entitlements allowing an additional two towers, adding 265 units. The property is
now well positioned for a senior housing development valued at $36 million.