Atlantic Pacific Acquires Lake Elsinore Multifamily From Weidner Apartment Homes For $64.5M

The multifamily property located at 2088 E Lakeshore Dr in Lake Elsinore has been sold for a price of $64,500,000. The property consists of 184 units with an average price per unit of $350,543. The total square footage of the property is 168,728, resulting in a price per square foot of $382.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $64,500,000
• Units: 184
• Price Per Unit: $350,543
• Square Footage: 168,728
• Price Per Square Foot: $382

The buyer in this transaction is Atlantic Pacific, while the seller is Weidner Apartment Homes. The deal was facilitated by Kyle Pinkalla from Northmarq acting as the broker.