A unit of Phoenix-based Alliance Residential Co. has acquired the 549-unit Coronado Bay Club Resort Apartments in Coronado for more than $160 million.
According to recorded documents, Alliance paid $161.58 million for the 13.91-acre property at 1515 Second St. — a price which includes the buyout of a ground lease. The sale works out to $294,316 per unit.
Read the entire San Diego Source article here.
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