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California  + Orange County  | 

Avison Young Brokers $16M MF Sale in Costa Mesa

Avison Young brokered the $16.35-million sale of Sundance West Apartment Homes, a 41-unit apartment community in Costa Mesa, CA. The seller was Mariman & Co., while the buyer, an unnamed Orange County-based private family investment partnership, assumed the existing loan with Chase Bank. 

Built in 1965 and located at 1990 to 2002 Maple Ave., the asset features 40 two- and three-bedroom floorplans and one studio floorplan. Situated on just under two acres of land, the property includes 12 one- and two-story buildings including a separate rental office.

Avison Young’s Peter Hauser and Matt Hauser represented both parties.

“Only 10 other apartment properties have sold for over $15 million in all of Orange County this year,” says Peter Hauser. “With so few apartment complexes for sale, there is pent-up investor demand here especially for assets like Sundance West that are near the coast and are located in close proximity to large employment centers.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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