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Ideal Capital JV Claims Oceanside MF for $66M
A joint venture between Clovis, CA-based IDEAL Capital Group and Aegon Real Assets US acquired Sunterra Apartments in Oceanside, CA for $66.25 million. CBRE’s Dean Zander, Stewart Weston, John Montakab, and Kevin Mulhern represented the seller, an undisclosed private investment group.
Located at 3851 Sherbourne Dr., the property features 240 units with a mix of two- bedroom apartments. Community amenities include a pool, children’s wading pool, built-in fire pits and barbeques, large common areas, security gates, and a fitness center.
“This was a highly competitive bidding process,” said Montakab. “All the buyers were looking to further improve the property to align themselves with the demands of renters in the thriving Oceanside submarket. Our marketing efforts yielded interest from a variety of investors, including institutions, sponsored groups, family offices and private individuals.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition




