VISTA, CALIF. — Walker & Dunlop (W&D) has brokered the $174 million sale of Waterleaf, a 456-unit value-add community in the northern San Diego suburb of Vista. MIG Real Estate acquired the asset from MG Properties Group. According to W&D, this is the second-largest multifamily deal in San Diego in 2023. A W&D investment sales team led by Hunter Combs represented both the seller and the buyer in the transaction.
Waterleaf is located minutes from downtown Vista and 30 minutes to downtown San Diego. The property is also in proximity to State Route 78. Waterleaf offers one- and two-bedroom apartments. Amenities include two fitness centers, a pool, co-working lounge, playground and basketball court.