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Herndon Capital Makes First San Diego Acquisition
Walker & Dunlop has completed another multifamily sale in the San Diego area, closing an $18.25-million deal for Pacific Cove, an 81-unit apartment community. For buyer Herndon Capital Partners, the deal marked its first San Diego acquisition.
The San Diego Investment Sales team led by Hunter Combs represented both Herndon Capital Partners and the seller, Constellation Realty Management. The team has arranged numerous multifamily transactions in the region over the past three years, most recently closing a $174-million sale in Vista earlier this month.
Located at 4025 Oakcrest Dr., Pacific Cove was fully renovated in 2019 and includes a mix of studio, one- and two-bedroom units. The central location within Mid-City provides residents immediate access to major employment hubs of San Diego, including Downtown, Mission Valley, UTC and Kearny Mesa, says Walker & Dunlop.
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- ◦Sale/Acquisition


