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Local Firm Sells Escondido Apartment Portfolio for $19.7 Million

Horizon Capital Management Plans Renovations for Olive Tree Apartments, North Juniper Gardens
The 39-unit Olive Tree Apartments in Escondido, California. (CoStar)
The 39-unit Olive Tree Apartments in Escondido, California. (CoStar)
By Wes Hudgins
CoStar Research
February 17, 2020 | 4:18 P.M.

San Diego-based SHS Development Corp. has sold two apartment complexes totaling 93 units in Escondido, California, to Horizon Capital Management for $19.7 million, or about $212,000 per unit.

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News | Local Firm Sells Escondido Apartment Portfolio for $19.7 Million