Robert Morse And Jonathan Slager Acquire Santa Fe Ranch Apartments In Carlsbad For $138.75M

The 320-unit Santa Fe Ranch apartments, located at 7702 Calle Caracas in Carlsbad, were sold for $138.75 million, equating to $433,594 per unit. The property spans 20.4 acres and is situated in a high-barrier market within Southern California.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $138,750,000
• Units: 320
• Price Per Unit: $433,594
• Seller: Bill Huffman - Nuveen
• Buyer: Robert Morse & Jonathan Slager - Bridge Investment Group
• Broker: Jake Barnett - Walker & Dunlop

This transaction reflects the collaboration between noted individuals and companies, with Bill Huffman representing Nuveen as the seller. The buyers, Robert Morse and Jonathan Slager, are associated with Bridge Investment Group, while Jake Barnett of Walker & Dunlop served as the broker facilitating the deal.