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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.”
- ◦Sale/Acquisition




