Purchase complete, new owners look to revitalize Escondido mall thecoastnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecoastnews.com Daily Mail and Mail on Sunday newspapers.
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.