Walker & Dunlop Facilitates $174M Sale Of Waterleaf Multifamily Complex In Vista, CA

The $174 million sale of Waterleaf, a 456-unit apartment complex in Vista, CA, has been completed by Walker & Dunlop, Inc. This transaction marks the second-largest multifamily deal in San Diego for 2023. MIG Real Estate purchased the property for $174 million, equivalent to $381,578 per unit. Waterleaf's strategic location along State Route 78 and robust rent growth have contributed to San Diego's strong market performance.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $174,000,000
• Address: 333 North Emerald Drive, Vista, CA
• Market: Vista
• Buyer: MIG Real Estate - Greg Merage
• Seller: MG Properties Group - Mark Gleiberman
• Broker: Hunter Combs - Walker & Dunlop, Inc.
• Units: 456
• Price Per Unit (PPU): $381,579

Walker & Dunlop, Inc., facilitated this significant transaction with their Investment Sales team, highlighting the strong performance of the San Diego market. The involvement of MIG Real Estate, MG Properties Group, and broker Hunter Combs further solidifies the noteworthy nature of this deal.