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.
