Isla Vista apartment projects sell for a combined $51.8M

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Isla Vista apartment projects sell for a combined $51.8M

By Joshua Molina / Friday, May 19th, 2017 / Comments Off on Isla Vista apartment projects sell for a combined $51.8M

Joshua Molina The Hive at Breakpointe and the Coronado Apartments, two multi-family properties at 6672 Abrego and 6626 Picasso Road in Isla Vista, sold for a combined purchase price of $51.8 million in the first quarter of 2017. The Hive, a 151-unit student housing project, was acquired by The Carlyle Group, a Washington D.C.-based institutional…

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