CLG MAKES $10.15 MILLION TOWNHOME PROPERTY ITS FIRST SAN DIEGO ACQUISITION

SAN DIEGO — California Landmark Group has purchased the 45-unit Serenata, a townhome community located in San Diego’s College Grove neighborhood, for $10.15 million. Currently 96 percent leased, the collection of three-bedroom, two-bath units started off as condominiums when completed in 2009 before being converted to apartments. Situated across the street from the Marketplace at the Grove shopping center, the three-level homes include attached two-car garages.