November 8, 2018
Boston-based TA Realty acquired Seacrest Apartment Homes in San Clemente, CA. The seller was Western National Group, on behalf of Western National Realty Fund II, L.P. Although the price was not disclosed, brokers involved in the deal say it is the largest Orange County multifamily sale this year.
This 368-unit apartment community, located at 240 Avenida Vista Montana, consists of one and two-bedroom floor plans. The property features ocean views, resort-style swimming pools and spas, a resident clubhouse with kitchen, BBQ and picnic areas, a business center, laundry facilities, and an open-air fitness center.
CBRE’s Stewart Weston, Dean Zander and John Montakab represented the seller. The buyer was self-represented.
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