SAN DIEGO-While condo conversions remain the hot topic and product of choice in the metro area, straight multifamily deals continue to lead the market due in part to 1031 exchange investors coming out of one investment and needing a place to sock away their capital. Two more multifamily deals in the Greater San Diego area emphasize the hunger investors have for multifamily product in the regions.In the first deal, Hampton Place Townhouses in Encinitas sold for $3.9 million. Hillcrest BDG Trust c/o Gobar Realty acquired the property from Glenn Goldman. The property was acquired in a reverse exchange for the seller and a replacement property in a forward exchange for the buyer. Located at 125 Hillcrest Dr. in Encinitas, the 19-unit complex includes garage and carport parking. The property was built in 1987 and sits on approximately 24,829 sf of land. Ray Adams with Grubb & Ellis BRE Commercial represented both parties in the transaction. Chicago Title, Park Camino Branch representatives Teresa Miller and Teresa McElaney provided escrow services.In the second deal, Kuhio Partnership purchased the 21-unit Avalon Gardens Apartments in Vista for roughly $2.3 million. Built in 1988, Avalon Gardens is mostly one-bedroom units with private rear yards. Adams with Grubb & Ellis

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