Two area apartment complexes were part of a recent $2.6 billion institutional portfolio sale.
The 320-unit Sante Fe Ranch in Carlsbad and the 444-unit Mirada at La Jolla Colony in University City were part of the 51-property purchase deal by TIAA-CREF, according to The Daily Transcript. The seller was Hendersen Global Investors. The local business publication added the combined entity will be known as TH Real Estate.
The Santa Fe Ranch property at 3402 Calle Odessa last sold for $45 million in 2002, according to the paper.
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