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Real Estate/Development

Jun. 18, 2016

R&V Management adds to portfolio with $69.9M acquisition of Seta Apartments

Fairfield Residential had acquired the Seta Apartments property, formerly occupied by a pair of Coleman College buildings totaling 67,400 square feet, for $9.3 million cash in 2013.

San Diego-based R&V Management continues to add to its apartment portfolio with a $69.9 million acquisition of the Seta Apartments in La Mesa.

The buying entity for R&V was Seta Partners L.P.

With the newly completed Seta, R&V owns approximately 7,500 apartment units in San Diego County -- a figure expected to exceed 8,000 soon.

A unit of Fairfield Residential called Fairfield La Mesa L.P. sold the Seta complex. Fairfield had acquired the property, formerly occupied ...

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