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Apartments Repositioned for Middle-Income Renters Following Big Deal in Northern San Diego Suburb

Investment Firm Teams With State Agency To Acquire Escondido Multifamily Property
Ascenda Capital partnered with the California Municipal Finance Authority on the $97 million purchase of Latitude33 in Escondido, California. (CoStar)
Ascenda Capital partnered with the California Municipal Finance Authority on the $97 million purchase of Latitude33 in Escondido, California. (CoStar)
CoStar News
December 1, 2021 | 11:01 P.M.

A $97 million apartment deal in Escondido, California, is among the region’s largest of the past year and points to escalating demand in San Diego’s North County area. The buyers plan to convert the property to serve middle-income families.

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