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CHULA VISTA, CALIF. — RRE Bonita Glen Holdings has purchased The Villages at Bonita Glen, a 295-unit multifamily community in Chula Vista, for $49.1 million. The community is located at 240, 250, 254 and 260 Bonita Glen Drive and 72 Sandalwood Drive.
The Villages was built in two phases in 1970 and 1988. It is fully occupied.
Alex Mogharebi of Berkadia executed the transaction. The seller was Granite Investment Group.