Among the largest apartment purchases of 2011 was AvalonBay Communities’ $124 million purchase of the 676-unit Highlands at Rancho San Diego apartment complex in El Cajon.

Among the largest apartment purchases of 2011 was AvalonBay Communities’ $124 million purchase of the 676-unit Highlands at Rancho San Diego apartment complex in El Cajon.

Rising demand from renters kept San Diego County apartments full in 2011, while scarce new construction and historically low financing rates kept them popular among investors, and experts say both trends will be in full force during 2012 and beyond...

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