OCEANSIDE, CA - Privately held real estate investment firm 29th Street Capital (29SC) has acquired Sunterra Apartments in Oceanside, California from Ideal Capital Group for $97.5 million. This marks the firm’s fourth multifamily acquisition in Southern California.
Built in 1974, Sunterra is a 240-unit Class B property. The community includes a resort-style pool, two playgrounds, a sundeck with an outdoor fireplace and a fitness center. The community improvement plan includes installing.
AVONDALE, AZ - Privately held real estate investment firm 29th Street Capital (29SC) has acquired Oceana Apartments in Avondale, Arizona. This marks the firm’s 16th multifamily acquisition in the Phoenix metro area.
Built in 2004, Oceana Apartments is a 240-unit, Class B+ property. The community includes a resort-style pool and spa, fully-equipped fitness center and clubhouse with a business center. The community improvement plan includes installing stainless-steel appliances, quartz.