CARLSBAD, CA—Decron Properties Corp., has acquired eaves Carlsbad, a 450-unit apartment complex in Carlsbad, CA, in a transaction valued at $112 million. The acquisition of marks Los Angeles-based Decron's entry into the San Diego market and drives Decron's total 2015 new acquisitions to almost $300 million. This is the firms single largest acquisition.

A real estate investment, development and management firm, Decron's has a portfolio that includes 2.5 million square feet of commercial and retail space and 6,000 multifamily units located primarily in Southern California. With its recent acquisitions in Mountain View, Walnut Creek, and now Carlsbad, Decron now maintains a presence throughout California.

“We've been looking at the San Diego market for quite some time. It offers strong job growth, a highly educated customer base, and demand for quality housing remains extremely high,” said Decron CEO David Nagel. “The property's location, with adjacent retail, easy freeway access, hiking trails, and nearby beaches, makes it a great option for today's renters. As an investor, the competition to enter the market is extremely fierce, but with market fundamentals continuing to strengthen, we plan on growing our footprint in San Diego County.”