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Ascenda Capital and CMFA Create 198-Units of Middle-Income Housing With $97 Million Acquisition of Latitude33 in California

SAN DIEGO, CA - Ascenda Capital, in partnership with the California Municipal Finance Authority (CMFA), closed on the $97 million acquisition of Latitude33 Apartments, a 198-unit apartment community located in downtown Escondido, CA. Ascenda Capital will be transitioning the property, built in 2012, from a market-rate community to a rent-restricted community that provides housing for middle-income families. The transaction was approved by the Escondido City Council with a unanimous 5-0 vote.

Ascenda Capital, CMFA Create 198 Units of High Quality Middle-Income Housing in San Diego County with the $97 Million Acquisition of Latitude33 Apartments in Escondido, CA

Ascenda Capital, CMFA Create 198 Units of High Quality Middle-Income Housing in San Diego County with the $97 Million Acquisition of Latitude33 Apartments in Escondido, CA

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