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Loft2015 MF Trades Hands for $28M

Los Angeles-based James Investment Partners acquired Loft2015 Apartments, an 85-unit, multifamily property in San Diego from an undisclosed San Francisco-based entity for $28 million.

Built in 2011, Loft2015 offers one and two-bedroom floor plans. Amenities include floor-to-ceiling windows, stainless steel appliances and in-unit washers and dryers. The property is located at 2015 Hancock St. in San Diego’s North Little Italy neighborhood.

NorthMarq Capital’s Michael Elmore and David Blum arranged $17.3 million in acquisition financing for the borrower, through its Fannie Mae platform. The acquisition financing was structured with a 10-year term with 5-years of interest only followed by a 30-year amortization schedule.

Berkadia’s Ed Rosen and John Chu, Kyle Pinkalla and Erin Dammen and Tyler Sinks handled the sales transaction.

For comments, questions or concerns, please contact Dennis Kaiser


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Financing
  • ◦Sale/Acquisition
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