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The Unassuming Rental Draw of This Market

TEMECULA, CA—In addition to a reasonable cost of living, high quality of life and great year-round weather, Temecula has strong job, population and rent growth forecasted over the next 12 months, CBRE’s Rachel Parsons tells GlobeSt.com EXCLUSIVELY.

Rachel Parsons Parsons: “Couples and young families are drawn to Temecula due to its quality of life and exceptional school systems.”

TEMECULA, CA—In addition to a reasonable cost of living, high quality of life and great year-round weather, Temecula has strong job, population and rent growth forecasted over the next 12 months, CBRE’s VP, investment properties, Rachel Parsons tells GlobeSt.com. As we recently reported, he firm’s Capital Markets’ Debt & Structured Finance team’s Bill Chiles, Scott Peterson and Brian Cruz recently arranged a $48.8 million loan for the acquisition of Cape May at Harveston, a 300-unit, class-A apartment community at 40140 Village Rd. here, by MIG Real Estate from what Real Capital Analytics reports was JP Morgan Asset Management. We spoke exclusively with Parsons about the Temecula multifamily market.

GlobeSt.com: How would you characterize the Temecula multifamily market?

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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