154-Unit Multifamily Property in San Diego County Trades for $41M
Hidden Hills, a 154-unit multifamily complex in San Diego County, was acquired by The Apartment Company, a local real estate investment firm, for $41 million. The seller was TruAmerica Multifamily.
Located at 311 Weston Circle in Vista, the 141,988-square-foot property features such amenities as a swimming pool/spa, barbecue grills and a dog park. Built in 1985, the two-story garden-style site features a low-density design at only 19 units to the acre, in a mix of one, two and three-bedroom floor plans.
CBRE’s Kevin Mulhern represented the seller. CBRE’s Brandon Smith and Cameron Chalfant with Brian Eisendrath’s finance group closed the 10 year, fixed-rate $25 million loan with Fannie Mae.
Smith says, “The ability to achieve a rock-bottom spread and full-term interest only in this volatile market allowed our client to deliver a strong cash-on-cash return to their investors.”
Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services.
In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company.
In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix.
Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.
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