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OCEANSIDE, CA-A limited partnership established and controlled by San Diego-based MG Properties sells the 150-unit Libby Lakes Apartments complex to Pacifica Hospitality Group Inc. The seller had planned to hold the asset for five to seven years when it acquired the property in January 2002, but chose to sell earlier, due to the current demand for multifamily product in the local marketplace.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
July 02, 2025
Uncertainty grows as prices and sales volumes retreat.
July 02, 2025
Metro-level nuances reveal opportunities that might not be obvious based on national trends.
July 02, 2025
Vacancy is set to tick up 10 basis points this year but remain 110 basis points below the national average.