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California  + San Diego  + Apartments  | 

Escondido’s Sage Apartments Sold for Nearly $35M

Sage Apartments, a 137-unit multifamily property located in North San Diego County’s Escondido, traded hands for $34.7 million or $253,285-per-unit. Clear Sky Escondido, LP sold the property to Subsidiaria de Santa Jacinto, LLC.

The 86,748-square-foot property is primarily comprised of one and two-bedroom units, and is located at 1920 and 1960 E. Grand Ave. The seller made many interior and exterior upgrades to the 1970’s construction property, over the past three years. The new owner plans to continue the process of updating the property.

Colliers International’s Peter Scepanovic and Corey McHenry represented the seller.

Scepanovic says, ““During a currently difficult time in the market, our team is both grateful and proud to close this sale by collaboratively working with all parties involved. With the property’s ideal location in the growing Escondido community, the Sage Apartments will continue to be a strong investment with positive future potential for the new ownership, as it has been for the seller.”

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.

  • ◦Sale/Acquisition
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