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197 Unit CAL
Built in 2018
- EXCEPTIONAL GROWTH FORECASTS Apartment rents have grown by 12.8% over the last 12 months and are projected to average 7.9% year-over-year growth for the next 5 years.
- STRONG DEMAND COUPLED WITH LIMITED SUPPLY Apartment vacancy rates have trended lower over the last 12 months and are expected to bottom at 1.5% in the next 12 months.
- LIMITED DEVELOPMENT PIPELINE Despite the desirable submarket fundamentals and strong growth projections, there is only one market rate apartment project in development
- HIGH-QUALITY ASSET Villa Del Sol was built in 2018 and is the premier asset for 55+ residents in the Santa Maria market with ample amenities and well-appointed unit interiors.
- IN THE PATH OF PROGRESS The Property is located along Blosser Road where land tracts have been re-zoned and primed for hundreds of thousands of square feet of office, commercial, and recreational open space to be created in the next 5-10 years.