With an investment of more than $225 million in the San Diego housing market, Raintree Partners is developing three new contemporary Class A multifamily communities in San Diego County. Totaling 498 units, the luxury properties encompass the 107-unit Treehouse under construction in Bankers Hill; the 189-unit Flora + Fauna, also under construction in Bankers Hill; and Dos Lunas, a 202-unit community in Encinitas, poised to begin construction in late 2025. 

Raintree Partners’ Co-CEO and president of development Jason Check said San Diego is an appealing investment for multiple reasons.

“Back in 2020 and 2021, there was a shift in demand within our portfolio – people were moving from LA and the Bay Area showing a strong preference for San Diego, especially with the rise of work-from-home policies and the area’s compelling quality of life,” Check said. “That shift led us to focus on land entitlement opportunities in downtown and North County San Diego. Even amid today’s choppy capital markets, those projects are moving ahead, which speaks to the strength of the locations, the region’s strong job market and our long-term belief in San Diego as a vibrant, growing market.”