California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

California  + San Diego  + Apartments  | 
Shoreline

Shoreline Sale Sets a Record for Lake Elsinore

Vista Pacific Inc. recently acquired Shoreline, a 192-unit garden-style multifamily property in Lake Elsinore, CA, for $46 million. This sale sets a record for Lake Elsinore, according to brokers associated with the transaction.

Director Tyler Sinks and managing directors Ed Rosen and John Chu of Berkadia San Diego completed the sale on behalf of the seller, California-based Forge Partners.

“The sale of Shoreline represents a record sale price for the Lake Elsinore submarket and is another example of the insatiable demand for well-positioned multifamily assets in Southern California,” said Sinks.

Located at 15120 Grand Ave., Shoreline features one-, two- and three-bedroom floorplans. The property has access to Lake Elsinore, Interstate 15, and the shops and restaurants along Riverside Drive.

Connect

Inside The Story

Tyler Sinks

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale/Acquisition
New call-to-action
New call-to-action