Eagle Real Estate Partners and Vistria Group have acquired the 402-unit Crystal View Apartments in Garden Grove for $132.5 million.

The deal extends affordability restrictions for 20% of the units and adds new long-term affordability for another 30%.

The partnership plans capital improvements for the community.

This is Eagle’s third affordable housing preservation acquisition in Southern California in the past year.

The acquisition highlights the continued investment in workforce housing in supply-constrained markets like Orange County.