Today on the Southern California Real Estate Report we talk about two top Multifamily Real Estate deals.

The $97 million dollar acquisition of Latitude33 in Escondido by Ascenda Capital and the California Municipal Finance Authority

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The $71.55 million dollar acquisition of 4th & J apartment complex in downtown San Diego by Vesity Investments.

Latitude has a total of 198 units the price about $490,000 per unit and will be converted to middle-income housing.

4th & J has a total of 168 units plus nearly 1,200 feet of retail space and is on a ground lease.

Hirsh. (2021, December 1). Apartments repositioned for middle-income renters following big deal in northern San Diego suburb. CoStar News. Published.

Hirsh. (2021b, November 11). Downtown San Diego Apartment property trades amid rising regional demand. CoStar News.