Vista Apartments Sold for $80MThursday, January 12, 2012
Dallas-based Invesco Advisors Inc. has purchased the 314-unit Monarch at Shadowridge apartment complex in Vista for $80.4 million.
According to CoStar Group data published Jan. 8, the deal closed on Dec. 29, and the seller was Archon Group Ltd. of Irving, Texas. The complex, which is fully leased and has a total of 714,990 square feet, is located at 1802-1950 Thibodo Road.
Archon Group purchased the property in 2007 from a local investment company for $73.5 million, CoStar reported.
— Lou Hirsh