{"id":1004035841,"date":"2012-01-18T04:45:19","date_gmt":"2012-01-18T12:45:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004035841"},"modified":"2022-12-03T04:39:09","modified_gmt":"2022-12-03T12:39:09","slug":"san-diego-multi-family-picked-up-by-invesco","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/san-diego-multi-family-picked-up-by-invesco\/","title":{"rendered":"San Diego Multi-Family Picked Up by Invesco"},"content":{"rendered":"

January 17, 2012<\/strong>
\nBy Barbra Murray, Contributing Editor<\/em>
\n\"\"<\/a><\/p>\n

Monarch at Shadowridge, a 314-residence apartment community has changed hands in what Jones Lang LaSalle Capital Markets, the real estate services firm that represented the seller, describes as the one and only trade of a Class A apartment property in San Diego County in 2011. A joint venture consisting of Archon Group and Monarch Group sold the asset to a client of Invesco Real Estate.<\/p>\n

Monarch made its debut at 1850 Thibiodo Rd. in late 2005. At the close of the transaction, the apartment community was 94 percent occupied, which dovetails with the current state of the local market.<\/p>\n

Metropolitan San Diego’s apartment market closed 2011 with a vacancy rate of 4.9 percent, according to a report by multifamily investment banking firm Hendricks & Partners, and with only a single 368-unit property having come online last year, demand is expected to drive the vacancy rate down to 4.5 percent in 2012 and 4 percent in 2013.<\/p>\n

With demand and rental rates on the rise, investors are becoming increasingly eager about getting their hands on San Diego office properties. PwC ranks the sunny Southern California city fourth on its list of buy recommendations in the firm’s Emerging Trends in Real Estate 2012 report. In reference to the San Diego market, PwC notes, “Apartment investors always do well.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Monarch at Shadowridge, a 314-residence apartment community has changed hands in what Jones Lang LaSalle Capital Markets, the real estate services firm that represented the seller, describes as the one and only trade of a Class A apartment property in San Diego County in 2011. <\/p>\n","protected":false},"author":1201,"featured_media":1004038549,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21742,15],"tags":[],"class_list":["post-1004035841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-latest","category-west"],"acf":[],"yoast_head":"\nSan Diego Multi-Family Picked Up by Invesco - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/san-diego-multi-family-picked-up-by-invesco\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Diego Multi-Family Picked Up by Invesco\" \/>\n<meta property=\"og:description\" content=\"Monarch at Shadowridge, a 314-residence apartment community has changed hands in what Jones Lang LaSalle Capital Markets, the real estate services firm that represented the seller, describes as the one and only trade of a Class A apartment property in San Diego County in 2011.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/san-diego-multi-family-picked-up-by-invesco\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-01-18T12:45:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-03T12:39:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/01\/011812-Monarch-at-Shadow-Ridge.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"617\" \/>\n\t<meta property=\"og:image:height\" content=\"411\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/san-diego-multi-family-picked-up-by-invesco\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/san-diego-multi-family-picked-up-by-invesco\\\/\"},\"author\":{\"name\":\"Nicholas Ziegler\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"headline\":\"San Diego Multi-Family Picked Up by Invesco\",\"datePublished\":\"2012-01-18T12:45:19+00:00\",\"dateModified\":\"2022-12-03T12:39:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/san-diego-multi-family-picked-up-by-invesco\\\/\"},\"wordCount\":220,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/san-diego-multi-family-picked-up-by-invesco\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/01\\\/011812-Monarch-at-Shadow-Ridge.jpg\",\"articleSection\":[\"Featured\",\"News\",\"West\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/san-diego-multi-family-picked-up-by-invesco\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/san-diego-multi-family-picked-up-by-invesco\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/san-diego-multi-family-picked-up-by-invesco\\\/\",\"name\":\"San Diego Multi-Family Picked Up by Invesco - 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