Standard Communities Acquires Multifamily Properties In Anaheim, San Francisco & Escondido For $195M

The multifamily property located at 707 West Santa Ana Street in Anaheim, 1089 Bluebell Drive in San Francisco, and 549 East Valley Parkway in Escondido has been sold. The sale was completed by Standard Communities, represented by Joon Lee, Jeffrey Jaeger, and Chris Cruz, who purchased the property from AIR Communities.

Summary of Transaction Details:

• Property Type: Multifamily
• Sale Price: $195,000,000
• Units: 559
• Price per Unit (PPU): $348,837

Joon Lee, Jeffrey Jaeger, and Chris Cruz of Standard Communities were the buyers in this transaction. They were represented by their own team in the deal. The seller, AIR Communities, completed the sale at the mentioned price. The property consists of 559 units and has a price per unit of $348,837.