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Kidder Mathews Closes Fallbrook MF Deal

Casa Loma, a 48-unit multifamily community located at 218 West Clemmens Lane in Fallbrook, CA, sold for $6.9 million. The buyer was Efren R. Cota Ltd., a private investment company, while the seller was Woodspear Properties, a commercial real estate investment company.

Built in 1975, Casa Loma is a two-story, garden-style community with a mix of studio, one, and two-bedroom units. Located in San Diego’s North County, the property is situated in a desirable residential neighborhood within walking distance to the town center.

Kidder Mathews’ Merrick Matricardi, Jim Neil, and Eric Comer represented the seller. The buyer was represented by Bob Cota Realty’s Robert Cota and Mark Edwards.

“The property is well-maintained, and in-place rents are below market compared to similar communities in Fallbrook, giving Casa Loma rents room for growth in the current market,” said Matricardi.

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Inside The Story

Connect With Woodspear PropertiesConnect With Bob Cota Realty’s CotaConnect With Kidder Mathews’ Matricardi

About Dennis Kaiser

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.

  • ◦Sale/Acquisition