IGP dumps El Norte Heights

Apartments command more than $13 million

Hendricks & Partners negotiated the sale of El Norte Heights, a 105-unit apartment community in Escondido, Calif. The value of the transaction was $13.4 million. San Diego-based Income Growth Properties Ltd. IX sold the property, located at 145-225 W. El Norte Parkway, to a partnership of Melroy Investments. Dick Bassett of the San Diego office of Hendricks & Partners negotiated the transaction. Hendricks & Partners is a national advisory company focused exclusively on the sales of multifamily properties. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Please include the headline of the story....