Fairfield Residential buys Resort at Encinitas apartments for $109.99M

Fairfield Residential, a San Diego-based multifamily investment and management firm, acquired the Resort at Encinitas, a 198-unit apartment community at 1320 Via Terrassa in Encinitas, for $109.99 million. The per-unit price of approximately $555,505 reflects the premium commanded by well-located coastal San Diego apartments. Encinitas is a supply-constrained coastal community in northern San Diego County with limited development land and strong employment in the life sciences, tech, and professional services industries. The buyer brings property management and investment expertise to maximize operational performance at the community.