CBRE arranged the sale of Golden Sands Apartments, a 120‑unit multifamily community at 15930 Nisqualli Rd. in Victorville, to Aspen Real Estate Financial LLC (AREF) in partnership with the Housing Authority of the County of San Bernardino (HACSB) and the California Affordable Housing Agency (CalAHA). The sale price was $21 million.
CBRE’s Cray Carlson represented the seller, Hanes Golden Sands Apartments LP. The buyer was advised by Matt Benwitt of Lee & Associates. The acquisition reflects a continued effort by AREF and HACSB to expand attainable housing options for families across the region.
This transaction marks the second acquisition with this structure that CBRE and Carlson have completed with AREF and HACSB in the past eight months. In June 2025, AREF partnered with HACSB and CalAHA to acquire Echo Apartment Homes, a 38‑unit property in San Bernardino, for $12.3 million.
“Golden Sands Apartments represents an important acquisition for the Victorville community, delivering much‑needed workforce housing in a rapidly growing region,” said Carlson.
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