Pacific Urban in the News
Read the latest multifamily industry news and stories coming from Pacific Urban Investors.
Shoreline, WA, May 18, 2022 – Palo Alto-based Pacific Urban Investors has formed a joint venture with Seattle-based real estate developer Intracorp Homes for the development of Zinnia Apartments, a new four-building, 206,000 sq. ft. apartment community in Shoreline. Located at the intersection of 1st Avenue NE and NE 147th St within walking distance of the future […]
Multifamily owner-operator and investment manager Pacific Urban Residential (”Pacific”) and multifamily private equity investor Hanover Real Estate Investors (“Hanover”) announced a merger between the two firms. The combined company is to be named Pacific Urban Investors, LLC and will be headquartered in Palo Alto, CA with six regional offices located in Los Angeles, Irvine, Seattle, […]
Investment Firm’s goals for 2022 – Continued Growth in Transactions, Investment Platforms and Geographic Markets Driven by the synergies from the merger of Pacific Urban Residential and Hanover Real Estate Investors early in 2021, Pacific Urban Investors (“Pacific”) today announced record 2021 investment volume of $1.6 Billion. The firm’s 2022 goals project a continued growing […]
Multifamily owner-operator and investment manager Pacific Urban Residential has acquired Bell at Salem Station, a 266-unit apartment community in Salem, MA. The property will be renamed Sofi at Salem Station (the “Property”) and marks Pacific’s first acquisition in the Boston metro. Sofi at Salem Station is a 100% market-rate property built in 2002. The Property’s […]
Multifamily owner-operator and investment manager Pacific Urban Investors (”Pacific”) announced today that it is continuing to expand its East Coast investment footprint to now include the Boston Metro market. Pacific’s Director of Capital Markets, Adam Fruitbine, will oversee the Boston expansion efforts. Pacific’s current East Coast effort, jointly led by Patrick Freydberg and Adam Fruitbine, […]
20 year multifamily veteran, Rory Gardner, has been named President of Pacific Urban Investors (‘PUI’), effective July 1, 2020, announced firm co-founder Al Pace. Rory Gardner joined PUR in 1999, starting his career as an Analyst. Rising through the ranks, Rory contributed to PUI’s growth and expansion. Mr. Gardner has held roles as Southern California […]