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Barings Bags 309-Unit Chula Vista MF
Barings LLC acquired Alexan Millenia from DRI/Maple Millenia, a partnership between Trammell Crow Residential and Diamond Realty Investments, Inc. The 309-unit, luxury multifamily community is located south of San Diego in Chula Vista.
The property is located within the Otay Ranch neighborhood, roughly 25 minutes southeast of downtown San Diego. The asset delivered in 2019, and features modern interiors, social community amenities, and a walkable street scene filled with onsite retail and dining. Alexan Millenia offers an array of expansive one, two, and three-bedroom floorplans, as well as live/work townhome-style homes.
Barings’ John Ockerbloom says, “This property is in a growing master-planned community with very strong demographics, which fits well with our investment strategy of targeting densifying suburban nodes with a focus on live, work, play environments.”
The property was marketed on behalf of the seller by Moran & Company’s Rachel Parsons, Derrek Ostrzyzek, Tom Moran Jr. and Mary Ann King.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


