Built by Regis Contractors L.P., an affiliate of SARES-REGISGroup, and managed by the company's Multifamily Property ManagementDivision, the complex called Alta Vista is located in the north SanDiego County community of Escondido.

"In recognition of its well executed development and qualityconstruction, the sale of this premier property is the highestprice for this region of San Diego," says Barry Kamel, president ofthe SARES-REGIS' Multifamily Development Division. "The marketresponse to the property has been outstanding; with its luxuryamenities and fabulous views, it has attracted the most discerningresident."

Both SARES-REGIS Group and PM Realty Advisors representedthemselves in the transaction. A developer, manager and builder ofcommercial and residential real estate through the western UnitedStates, SARES-REGIS Group currently manages more than 9,000apartment units and 13.5 million sf of commercial real estate.