Local Firm Buys Chula Vista Apartments for $90MThursday, February 28, 2013
San Diego-based R&V Management Corp. has purchased the 336-unit Missions at Sunbow apartment complex in Chula Vista for $90 million.
The seller was Equity Residential, according to a statement from Cushman & Wakefield, which brokered the transaction.
Missions at Sunbow was built in 2003 on approximately 14.5 acres, at 825 E. Palomar St. near Interstate 805.
R&V Management Corp., with headquarters in Mission Valley, owns and operates 40 other apartment and senior housing communities in the San Diego region, along with several other commercial properties, according to its website.
— SDBJ Staff Report