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ESCONDIDO, CALIF. — The Terraces, a 190-unit apartment complex in Escondido, has sold to Avanath Capital Partners LLC for $23.4 million. The community is located at 1301 Morning View Drive just north of San Diego. The seller was Escondido Terraces LC. The Section 42 property sale was executed by Jeff Kunitz of the Tax Credit Group of Marcus & Millichap and Raymond Choi of the firm’s San Diego office.