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The Registry SoCal Real Estate News

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Home Finance Vista Pacific Purchases 192-Unit Multifamily Property in Lake
Elsinore for $46MM
 * Finance
 * Industry News
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 * Residential


VISTA PACIFIC PURCHASES 192-UNIT MULTIFAMILY PROPERTY IN LAKE ELSINORE FOR $46MM

August 23, 2021
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SAN DIEGO — August 17, 2021 — Berkadia announced today the $46 million sale of
Shoreline, a 192-unit garden-style multifamily property in Lake Elsinore,
California. Director Tyler Sinks and Managing Directors Ed Rosen and John Chu of
Berkadia San Diego completed the sale on behalf of the seller, California-based
Forge Partners. The buyer was Vista Pacific Inc., also based in California, and
the deal closed on August 10.

“The sale of Shoreline represents a record sale price for the Lake Elsinore
submarket and is another example of the insatiable demand for well positioned
multifamily assets in Southern California,” said Sinks.

Located at 15120 Grand Ave., Shoreline features one-, two- and three-bedroom
floor plans with walk-in closets, washers and dryers and a private patio or
balcony. Community amenities include a swimming pool and spa, a playground and a
picnic area with outdoor grilling stations. 

The property affords convenient access to Lake Elsinore, Interstate 15 and the
shops and restaurants along Riverside Drive.

Weidner Apartment Homes Acquires Hillside Village Apartments for $16.5MM

San Diego Multifamily Property Sells for $19MM and Sources $8.5MM in Financing

The Cove Apartments in La Mesa Sell for $43.25MM


 * TAGS
 * Berkadia
 * Forge Partners
 * Lake Elsinore
 * San Diego
 * Shoreline
 * Vista Pacific

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VISTA PACIFIC PURCHASES 192-UNIT MULTIFAMILY PROPERTY IN LAKE ELSINORE FOR $46MM

The Registry - August 23, 2021 0
SAN DIEGO — August 17, 2021 — Berkadia announced today the $46 million sale of
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