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.