San Diego-area multifamily purchased

Transaction involves 'reverse exchange'

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Private investors have sold the Garrison West Apartments in Oceanside, Calif., for $5.5 million. James and Karen Watkins unloaded the 46-unit multifamily property on Glenn L. Goldman Trust, which purchased the asset as "the replacement property in a reverse exchange," according to a press statement. The complex, located at 445 Garrison St. on approximately 2.2 acres, comprises 30 two-bedroom townhouse units and 16 one-bedroom units. ...