Shahny Lutfeali, Taylor Friend & Clay Friend Acquire Multifamily Asset In Escondido For $162.5M

The property asset involved in this transaction is a multifamily complex located at 439 West El Norte Parkway & 1045 Morning View Drive in Escondido. The transaction price for the asset was $162,500,000, encompassing 551 units. The total square footage of the property is 523,612, resulting in a price per unit of $294,918 and a price per square foot of $310.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $162,500,000
• Units: 551
• Square Footage: 523,612
• Price Per Unit: $294,918
• Price Per Square Foot: $310
• Buyer: Shahny Lutfeali, Taylor Friend & Clay Friend - Eagle Real Estate Partners
• Seller: MG Properties & Intercontinental Real Estate Corporation
• Date of Transaction: 03/05/2026

This deal featured key individuals including Shahny Lutfeali, Taylor Friend, and Clay Friend, who represented Eagle Real Estate Partners as the buyers. The seller's side included MG Properties and Intercontinental Real Estate Corporation, both firms with established presence in the real estate market.