The multi-family investment specialist, JB Matteson, based in Redwood City, has acquired the 146-unit London Flats Apartments in Vancouver, Washington, for $12.1 million, according to the San Francisco Business Journal.

The newly-constructed 165,371-square-foot complex was acquired through a bankruptcy trustee, the publication said. The property was acquired on behalf of a group of private investors.

JB Matteson comprises $1 billion of multi-family, office, retail and mixed-use properties, including over 4,000 apartment units in the Western United States. The company partners with institutional investors on value-added investments and performs as investment manager for private capital investors.