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Surf at 39 interior Surf at 39 was originally constructed in 1972 and consists of two- and three-bedroom apartments and townhomes.

HUNTINGTON BEACH, CA—Institutional-fund manager Interstate Equities Corp. has acquired Surf at 39, a 400-unit, coastal-infill multifamily asset here, for $134 million from an unnamed seller. IEC intends to upgrade units to meet tenant needs but keep the complex as a workforce-housing community.

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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