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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
- ◦Financing
- ◦Sale/Acquisition


