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Archstone-Smith Buys 168 Units for $49.3M

JV of Pardee Homes, Marmont Realty Sells Palms of Carmel Valley Apt. Complex
By Marco A.Guzman
June 28, 2007 | 3:03 AM

Archstone-Smith Operating Trust purchased The Palms of Carmel Valley, a 168-unit apartment complex at 13103 Kellam Court in San Diego, for $49.3 million, or about $293,500 per unit. The seller was a joint venture of Pardee Homes and Marmont Realty Co.

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News | Archstone-Smith Buys 168 Units for $49.3M