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California  + San Diego  + Finance  | 

Invesco Closes $80M Loan for San Diego MF Complex

Invesco Real Estate originated a $80 million senior loan to finance the acquisition and full redevelopment of Bella Posta Apartments, a 344-unit, mid-rise apartment project in San Diego’s Mission Valley submarket. The loan was secured by the Sares-Regis Multifamily Value Add Fund II, L.P., as sponsor, which is an affiliate of Sares-Regis Group.

As part of the project, the fund plans a complete renovation and upgrade to the residence interiors, including the full modernization and re-envisioning of exteriors, common areas and amenities.

Invesco’s Charlie Rose says, “As we expand Invesco’s footprint as a nimble, creative lender, we are delighted to once again be working with Sares-Regis, who is a best in class owner, operator and developer of differentiated multifamily properties in the Western United States. This loan is representative of our relationship-oriented approach to lending, allowing us to structure unique financing solutions for borrowers seeking responsive and flexible debt capital.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
  • ◦Sale/Acquisition
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