CBRE arranged the off-market sale of Folia, a 342-unit multifamily property at 12520 Camino Del Sur in San Diego, California, to an undisclosed buyer.
CBRE’s Rachel Parsons, Derrek Ostrzyzek, Mike Murphy and Kenji Thomas represented the seller, Holland Partner Group, in the transaction.
“The sale of Folia exemplifies the type of suburban Southern California core apartment product that investors highly seek after,” said Parsons, executive vice president at CBRE. “Its successful sale is a clear indicator of the strong fundamentals underpinning this market and the confidence in its ability to sustain those fundamentals long-term.”
Built in 2024, the 342-unit property offers one-, two- and three-bedroom luxury apartments equipped with stainless steel appliances, hardwood floors and in-unit washer and dryers. The property boasts a resort-style pool and space, a fitness center, a resident clubhouse, a playground and grilling and picnic areas.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development).
