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Tuesday, May 21, 2024
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Chula Vista Apartment Complex Sells for $49 Million

An affiliate of Philadelphia-based Resource Real Estate has purchased the 295-unit Villages at Bonita Glen apartment complex in Chula Vista for approximately $49 million, according to CoStar Group and public data.

The seller of the property at 240-260 Bonita Glen Drive was an affiliate of Granite Investment Group of Irvine, represented by Otto Ozen and Alex Mogharebi of brokerage company Berkadia.

The 17-building complex was built on 8.1 acres in two phases in 1970 and 1988, and was renovated in 2013.

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