Monarch at Shadowridge Monarch at Shadowridge

Institutional-grade apartment assets don’t come to market very often in San Diego—but when they do, investors scurry to get in on the rare opportunity. As a result, there can be double-digit offers on institutional-quality apartment assets in the market. Recently, Monarch at Shadowridge, a 314-unit apartment property in Vista, CA, came to market and received 23 offers from a mix of capital sources. The JLL brokerage team that covered the deal wasn’t surprised by the activity because of the dearth of opportunities that come to market.