Quarterra Celebrates Groundbreaking of 387-Unit Aldea Apartments

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Quarterra has broken ground on Aldea, a 387-unit garden-style apartment community in Murrieta, California, with preferred equity from Eldridge Acre Partners and ING Capital as lead lender.

The project features one- to three-bedroom homes, smart-tech interiors, and extensive resort-style amenities near major employers and regional attractions.

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Garden-style development to offer Riverside County residents the best of Southern California living

MURRIETA, Calif., June 24, 2026 /PRNewswire/ -- Quarterra, an industry-leading multifamily development and investment management firm, announced the groundbreaking of its latest apartment community, Aldea, in Murrieta, California. Eldridge Acre Partners (EAP), a privately held real assets investment management firm, provided preferred equity to the development. Alongside the project's lead lender, ING Capital LLC, Quarterra and EAP are proud to offer a high-quality residential destination in one of Southern California's premier markets.

Known as the "Gem of the Valley," Murrieta offers a serene suburban lifestyle with easy access to both Orange County and San Diego. Located in Southwest Riverside County, Murrieta is home to 1,350 acres of parks and trails, and adjacent to Temecula with nearly 50 wineries. Aldea's enviable location provides ideal access to all that both cities have to offer, with the community positioned just minutes from Downtown Murrieta and the historic charm of Old Town Temecula.

"Murrieta is a strong residential market due to its top-rated schools, local retail and outdoor amenities," said Dan Ferguson, Quarterra's managing director of development for Southern California. "We're excited to be underway with Aldea — our first venture into Murrieta — and look forward to delivering an exceptional living experience to this rapidly growing community. Aldea is designed to reflect the active, vibrant spirit of the city and surrounding environs, and we're eagerly awaiting the day when we welcome our first residents."

Located at 25480 Jefferson Ave., the Aldea site is situated near the interchange of I-15 and I-215, less than an hour from both San Diego and Orange County. Aldea residents will find themselves at the hub of possibility, just five minutes from Murrieta's downtown district and farmers market, hot springs and the Rancho California Golf Club; 10 minutes from Old Town Temecula; and, 15 minutes from Temecula Wine Country. Promenade Temecula Mall and the Pechanga Casino are less than 15 minutes away, as well. The site is also a quick commute to major employers, including Abbott, Kaiser Permanente, Rady Children's Hospital and Universal Health Services.

Aldea will be comprised of 387 apartment homes in a garden-style layout. Floor plans include one-, two- and three-bedroom designs, ranging from 700-1,385 square feet. Homes come equipped with a smart technology package, as well as stainless steel appliances, quartz countertops, luxury vinyl plank flooring, walk-in closets and kitchen islands in most layouts.

Community amenity highlights will include:

• 11,500 square-foot clubhouse with game room, billiards and catering kitchen
• Resort-style pool and spa, with covered outdoor cabanas
• State-of-the-art fitness center
• Outdoor fireplaces, grills and covered outdoor rooftop deck
• Co-working spaces
• Outdoor pet park
• Luxor package lockers

Aldea is Quarterra's first Murrieta community and 13^th in Southern California. 

About Quarterra
Quarterra is a real estate investment firm focused on creating long-term value through the development of high-quality multifamily communities nationwide. With 12 regional offices across 20 states, Quarterra combines institutional scale with local market expertise to deliver purposefully designed rental communities in high-growth markets. For more information, visit www.Quarterra.com.

About Eldridge Acre Partners

Eldridge Acre Partners ("EAP") is a privately held real assets investment management firm operating in strategic partnership with Eldridge Industries, a diversified holding company with over $70 billion in AUM. EAP combines the expertise of seasoned investment specialists with a dedicated team of design and construction professionals to provide flexible capital solutions across a broad range of real asset strategies. Through its integrated approach, EAP delivers strategic, risk-sensitive solutions for a diverse set of global investors.

To learn more about Eldridge Acre Partners, please visit www.eldridgeacre.com

About ING
ING Capital LLC is a financial services firm offering a full array of wholesale financial lending products and advisory services to its corporate and institutional clients. ING Capital LLC is an indirect U.S. subsidiary of ING Bank NV, part of ING Groep NV (NYSE: ING), a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. Please note that neither ING Groep NV nor ING Bank NV have a banking license in the U.S. and are therefore not permitted to conduct banking activities in the U.S.

Media Contact
Marlena DeFalco
LinnellTaylor Marketing
marlena@linnelltaylor.com

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SOURCE Quarterra

FAQ

What is the Aldea apartments project Quarterra announced on June 24, 2026?

Aldea is a 387-unit garden-style apartment community in Murrieta, California. According to Quarterra, the project targets residents seeking suburban living with smart home features, upscale finishes, and extensive amenities in one of Southwest Riverside County’s prominent residential markets.

How many units and what floor plans will Aldea apartments in Murrieta offer?

Aldea will offer 387 apartment homes with one-, two- and three-bedroom floor plans. According to Quarterra, homes range from 700 to 1,385 square feet and include smart technology, stainless steel appliances, quartz countertops, luxury vinyl plank flooring, walk-in closets, and kitchen islands in most layouts.

What amenities will residents find at Quarterra’s Aldea apartments in Murrieta?

Aldea will feature an 11,500-square-foot clubhouse, resort-style pool and spa, and fitness center. According to Quarterra, additional amenities include cabanas, outdoor fireplaces and grills, a covered rooftop deck, co-working spaces, an outdoor pet park, and Luxor package lockers for residents.

Where is Aldea located and what attractions are nearby in Murrieta and Temecula?

Aldea is at 25480 Jefferson Ave. near the I-15 and I-215 interchange. According to Quarterra, it is minutes from Downtown Murrieta, Old Town Temecula, Temecula Wine Country, Promenade Temecula Mall, Pechanga Casino, and close to major employers like Abbott and Kaiser Permanente.

What is ING Capital’s role in financing the Aldea apartments project (NYSE:ING)?

ING Capital is the lead lender for the Aldea development in Murrieta. According to the companies, ING Capital works alongside Quarterra and Eldridge Acre Partners, which supplied preferred equity, to support creation of this 387-unit multifamily community; specific financing terms were not disclosed.

Is Aldea Quarterra’s first community in Murrieta and how many does it have in Southern California?

Aldea is Quarterra’s first apartment community in Murrieta, California. According to Quarterra, this project becomes its 13th community in Southern California, expanding the firm’s multifamily development footprint across the region’s high-demand residential markets.