Walker & Dunlop Arranges $42M Sale of Poway MultiFam Property
Pacific Urban Residential has purchased Willow Creek, a 107-unit, garden-style multifamily community in Poway, CA. Walker & Dunlop arranged the $42 million transaction, representing the seller GW Williams.
“This was the first time this asset had been on the market in nearly 20 years, and an excellent opportunity to acquire an institutionally sized, very well maintained asset with upside in one of San Diego’s premier I-15 Corridor submarkets,” said Hunter Combs who arranged the transaction. Walker & Dunlop’s Chris Botsford and Jeff Burns also secured financing for the buyer.
Located at 13656 Hilleary Pl., the 37-year-old property has been nicely maintained by GW Williams, and provides new ownership the opportunity to continue the renovation plan of upgrading unit interiors and amenities.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
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