Home Business MIG Real Estate Buys 456-Unit Waterleaf Apartment Complex in Vista, California for $174M

MIG Real Estate Buys 456-Unit Waterleaf Apartment Complex in Vista, California for $174M

by Kianna Warburton

MIG Real Estate, a privately-held real estate investment company, has recently completed the acquisition of Waterleaf, a multifamily community in Vista, California. The property, located at 333 N. Emerald Drive, was purchased for $174 million from an undisclosed seller.

Waterleaf offers residents 456 one- and two-bedroom apartments with a variety of amenities. Each unit boasts eight-foot ceilings, full-size washers and dryers, air conditioning, and balconies or patios. The community was built in 1985 and is strategically situated, providing easy access to various local attractions.

One of the main advantages Waterleaf offers is its proximity to important establishments. With Camp Pendleton, Oceanside Business Park, Vista Industrial Park, and McClellan Palomar Airport nearby, residents can enjoy convenient commutes to work and other destinations.

MIG Real Estate has ambitious plans for Waterleaf. The new owner intends to modernize the interior spaces, repaint the exterior, and enhance the common areas of the property. These improvements will undoubtedly elevate the overall appeal of the community, making it an even more desirable place to live.

The deal was facilitated by commercial real estate financing firm Walker & Dunlop, which represented MIG and the undisclosed seller in the transaction. Their involvement ensured a smooth and successful completion of the acquisition.

MIG Real Estate has a proven track record of acquiring and managing high-quality properties across the United States. The company’s focus on value creation through strategic improvements aligns with its vision for Waterleaf. The modernization of the interiors, along with the exterior facelift and upgraded common areas, will enhance the overall resident experience and increase the property’s value.

This acquisition demonstrates MIG Real Estate’s continued commitment to investing in properties with significant potential for growth and value appreciation. The company’s proactive approach to improving its portfolio ensures that residents benefit from comfortable and modern living spaces.

Waterleaf’s location in Vista, along with the planned enhancements by MIG Real Estate, positions the community as an attractive option for prospective residents. With its convenient access to various employment centers and airports, combined with the upcoming improvements, Waterleaf is set to become a premier multifamily community in the area.

As MIG Real Estate moves forward with its redevelopment plans for Waterleaf, residents can look forward to a refreshed living environment that meets their needs and exceeds their expectations. With its commitment to quality and its strategic investments, MIG Real Estate continues to solidify its position as a leader in the real estate investment industry.

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