**Folia Apartment Community in San Diego Sold in Off-Market Deal Brokered by CBRE**
CBRE has brokered the off-market sale of Folia, a 342-unit luxury multifamily community located at 12520 Camino Del Sur in San Diego. The buyer, who remains undisclosed, acquired the newly built Class A property from Holland Partner Group.
CBRE’s multifamily team—comprised of Rachel Parsons, Derrek Ostrzyzek, Mike Murphy, and Kenji Thomas—represented the seller in the transaction.
“The sale of Folia exemplifies the type of suburban Southern California core apartment product that investors highly seek after,” said Rachel Parsons. “Its successful sale is a clear indicator of the strong fundamentals underpinning this market and the confidence in its ability to sustain those fundamentals long-term.”
Completed in 2024, Folia offers a mix of one-, two-, and three-bedroom apartments, each featuring luxury finishes such as stainless steel appliances, hardwood flooring, and in-unit washers and dryers.
Ideally situated near major employment hubs including UTC and the Interstate 15 corridor, the property provides residents with convenient access to high-end retail and dining at Westfield UTC, as well as top-rated coastal destinations such as Del Mar and La Jolla.
The sale reflects continued investor interest in well-located, high-quality residential assets throughout the Southern California region.
