At a glance
- Amberwood Apartments, a 133-unit community at 923 Alturas Rd., sold for $24.25 million; Rosewood Apartments, 73 units at 338 Ammunition Rd., sold for $12.4 million.
- Colliers executive vice presidents Shane Shafer and Brian Anderson represented the sellers, Amber Creek Associates LTD and Rosewood Associates LTD, respectively.
- The two stated prices sum to $36.65 million across 206 units, or roughly $182,000 per door at Amberwood and $170,000 at Rosewood.
Colliers has finalized the sale of a two-property Fallbrook apartment portfolio for approximately $37 million, Connect CRE reported.
Amberwood Apartments, a 133-unit community at 923 Alturas Rd., sold for $24.25 million; Rosewood Apartments, 73 units at 338 Ammunition Rd., sold for $12.4 million.
Colliers executive vice presidents Shane Shafer and Brian Anderson represented the sellers, Amber Creek Associates LTD and Rosewood Associates LTD, respectively.
The two stated prices sum to $36.65 million across 206 units, or roughly $182,000 per door at Amberwood and $170,000 at Rosewood.
Shafer said Amberwood and Rosewood "each offered characteristics buyers continue to prioritize, including value-add potential, strong underlying fundamentals, and opportunities to enhance value through proactive ownership and operational improvements."
Reported by the Deals desk from Connect CRE. Published . Corrections