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.


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