Shafer: “Huntington Beach is one of the most desirable and highest-demand areas for buyers, and some of the most profitable and best-performing apartment submarkets for owners.” Shafer: “Huntington Beach is one of the most desirable and highest-demand areas for buyers, and some of the most profitable and best-performing apartment submarkets for owners.”

HUNTINGTON BEACH, CA—One of the few cities in Orange County that is truly categorized as a coastal community, Huntington Beach has a lot to offer multifamily investors, Berkadia’s senior directors Shane Shafer and Peter Hauser tell Globest.com. As we recently reported, the two negotiated the sale closed of Artisan Apartments, a 277-unit multifamily property at 15555 Huntington Village Lane here, for $87.5 million. The seller was Kennedy Wilson and the buyer was Domino Realty Management Co. Inc., both based in Beverly Hills. We spoke exclusively with Shafer and Hauser about the multifamily market here and what makes it special.

GlobeSt.com: How would you characterize the multifamily market in Huntington Beach compared to the surrounding areas of Orange County?

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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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