La Costa Apartments Secure $87m Acquisition Financing
Financing Secured for Santa Fe Ranch Acquisition In a notable transaction showcasing the dynamic nature of coastal California's real estate market, $87.2 million in funding has been secured for acquiring the Santa Fe Ranch Apartments. This investment highlights the rising demand for multifamily housing in areas like La Costa, California, where supply is limited. The property features 320 garden-style units and is one of Carlsbad's largest, offering one- and two-bedroom layouts. Built in 1987, it merges vintage charm with modern amenities, including a resort-style pool and spa, updated fitness center, business lounge, BBQ/picnic areas, and a dog park. Its strategic coastal location offers walkable access to top-rated schools and proximity to retail, dining, and employment centers. Positioned near Stagecoach Park and San Diego's strong rent growth market, its location emphasizes long-term value for this affluent tenant base. The financing was facilitated by Walker & Dunlo...