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Madrid Apartment Homes Madrid Apartment Homes features three-story Mediterranean architecture, an upgraded clubhouse, a swimming pool and spa with BBQ area and a modern fitness center.

MISSION VIEJO, CA—National real estate investment company Acacia Capital has purchased Madrid Apartment Homes, a 230-unit luxury apartment community here, for approximately $83 million from Essex Property Trust, a publicly traded REIT based in San Mateo, CA. The asset “presents an excellent opportunity to create greater returns through a renovation program in the future,” says CBRE’s John Montakab in a prepared statement.

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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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