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California  + San Diego  + Apartments  | 

Pacific Urban Investors Makes 24th San Diego Acquisition

Multifamily owner‐operator and investment manager Pacific Urban Investors acquired a 251‐unit
multifamily portfolio in the Downtown Gaslamp area of San Diego. Terms were not disclosed.

Comprised of two communities – the 106‐unit Sixth&G and 145‐unit Seventh&G – and 17,287 square feet of retail, the 100% market-rate properties were renamed Vela and Nova, respectively. This marks Pacific’s 24th acquisition in the San Diego market. The company plans to enhance the communities’ amenities.

“The Gaslamp Quarter is a compelling investment location not just from its well‐known urban walkability but also due to its strategic waterfront adjacency, San Diego International Airport proximity, and diverse mix of $8.9 billion of active life science, lifestyle retail, and commercial developments.” said Grant Geisen, SVP of investments at Pacific. “The Portfolio offers a coastal urban living experience with open floor plans, above standard height exposed ceilings, plentiful glass and light, all within proximity to significant employment and abundant retail.”

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Pacific Urban Investors

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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