San Diego Apartment Community Trades Hands via Walker & Dunlop
On January 13, 2022, Walker & Dunlop announced the successful sale of EV Lofts, a 208-unit Class A apartment community located in Downtown San Diego’s East Village. The sale involved the seller, Greystar Real Estate Partners, represented by Hunter Combs, Blake Rogers, Javier Rivera, and Alexandra Caniglia, and the buyer, Griffis Residential. EV Lofts, built in 2015, offers luxury amenities and is strategically located near major employment hubs and entertainment options. Walker & Dunlop continues to lead in multifamily property sales, achieving $5.2 billion in sales volume for Q3 2021.
- Completed sale of EV Lofts, enhancing market presence.
- Recognized as a leading firm in multifamily property sales with $5.2 billion sales volume in Q3 2021.
- Strategic location of EV Lofts near employment and entertainment hubs increases asset value.
- None.
BETHESDA, Md., Jan. 13, 2022 /PRNewswire/ -- Walker & Dunlop, Inc. announced today that it completed the sale of EV Lofts, a 208-unit Class A apartment community in Downtown San Diego, California's trendy East Village neighborhood.
Walker & Dunlop's Hunter Combs, Blake Rogers, Javier Rivera, and Alexandra Caniglia represented the seller, Greystar Real Estate Partners, in the disposition to the buyer, Griffis Residential. Mr. Combs commented, "This was a rare opportunity to acquire a Class A institutional asset in one of San Diego's best neighborhoods, East Village. In addition to an extremely high level of interest in the opportunity, investors were bullish on Downtown and forecasting major tailwinds due to the explosion of new office in the pipeline, including IQHQ, The Campus at Horton Plaza and Kilroy Little Italy, just to name a few."
Built in 2015 by nationally recognized developer OliverMcMillan, EV Lofts is a mid-rise community featuring best-in-class design and finishes. The property features luxury amenities, including a rooftop deck, resident lounge, fitness center, dog park, and is powered by the Alfred resident tech platform. Surrounded predominately by high-rise apartment buildings with rents approximately
Walker & Dunlop is a leader in multifamily property sales, having completed
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is the largest provider of capital to the multifamily industry in the United States and the fourth largest lender on all commercial real estate including industrial, office, retail, and hospitality. Walker & Dunlop enables real estate owners and operators to bring their visions of communities — where Americans live, work, shop and play — to life. The power of our people, premier brand, and industry-leading technology make us more insightful and valuable to our clients, providing an unmatched experience every step of the way. With over 1,000 employees across every major U.S. market, Walker & Dunlop has consistently been named one of Fortune's Great Places to Work® and is committed to making the commercial real estate industry more inclusive and diverse while creating meaningful social, environmental, and economic change in our communities.
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SOURCE Walker & Dunlop, Inc.
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