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California  + Inland Empire  + Apartments  | 

Quarterra, Eldridge Acre Partners Break Ground on Murrieta Apartments

Multifamily developer and investment manager Quarterra has broken ground on Aldea, its first apartment community in Murrieta and its 13th in Southern California. Eldridge Acre Partners (EAP), a privately held real assets investment management firm, provided preferred equity to the development. The project’s lead lender is ING Capital LLC.

“Murrieta is a strong residential market due to its top-rated schools, local retail and outdoor amenities,” said Dan Ferguson, Quarterra’s managing director of development for Southern California. “We’re excited to be underway with Aldea — our first venture into Murrieta — and look forward to delivering an exceptional living experience to this rapidly growing community. Aldea is designed to reflect the active, vibrant spirit of the city and surrounding environs, and we’re eagerly awaiting the day when we welcome our first residents.”

Located at 25480 Jefferson Ave., Aldea will be comprised of 387 apartment homes in a garden-style layout.

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Quarterra's Ferguson

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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