The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
February 29, 2024
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Lake Elsinore Multifamily Property Traded in $64 Mil Deal


An entity of Atlantic Pacific Companies paid $64.5 mil for River’s Edge Apartments, a 184-unit ($350.5k/unit) multifamily property in Lake Elsinore, CA. Built in 2007, the property is located at 2088 East Lakeshore Dr, on the west side of I-15.

Kyle Pinkalla with Northmarq represented the buyer and the seller, Weidner Apartment Homes. According to Pinkalla, the buyer was attracted to River’s Edge’s quality construction and close proximity to the freeway, which connects the tenant base to the multiple job hubs throughout SW Riverside County. Lake Elsinore is a direct shot from San Diego, where the buyer has a large operations presence,” said Pinkalla.

The sale comes in the context of strengthened multifamily market in the local investment market during Q2, according to Northmarq’s recently released San Diego multifamily market insights. Year to date, sales volume is up nearly 10% from last year.

Return to the Archive page





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media