Sares Regis and AIG Buy Apartments
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Seabridge Villas, a 344-unit apartment complex in Huntington Beach, has been sold for $63.8 million to Irvine-based Sares Regis Group and AIG Global Real Estate Investment Corp.
The 7.3-acre, six-building complex on Cape Coral Lane includes a clubhouse, pools and spas. It was sold by Northwestern Mutual Life.
Since 1975, Sares Regis has acquired or developed 36 million square feet of commercial properties and 18,000 multifamily and residential housing units in the Western United States.
New York-based AIG is a subsidiary of insurance and financial services company American International Group Inc.
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