PUI announced today that it has provided Preferred Equity to AAA Management to facilitate the development of Ion Aero Apartments, a 302-unit multi-housing community located in the Kearny Mesa submarket of San Diego.
CBRE’s Bill Chiles and Scott Peterson represented AAA Management for the financing.
With an anticipated delivery in early 2026, the apartment community will feature an eight-story building with a unit mix of studio, one-, two- and three-bedroom units. Project amenities include an indoor/outdoor fitness center, yoga studio, a clubroom pool and spa, co-working space, outdoor fire lounges, basketball court, playground, dog runs, sky lounge, and an entertainment lounge.
Immediately adjacent to Interstate 805 and Highway 163, the property is within proximity to the Convoy District, and approximately five miles north of Mission Valley and 10 miles north of downtown San Diego. The Property is a located near employers such as Kaiser Permanente, Northup Grumman and Raytheon.
“We are very excited to partner with an experienced sponsor like AAA Management and participate in the development of high-quality real estate in Southern California,” said Ash Baraghoush, Managing Director with PUI.
Multifamily owner-operator and investment manager Pacific Urban Investors (“Pacific”) acquired five properties totaling 1,299 units with a total consideration of $560.4 Million in Southern California during 2022. This includes two assets located in the San Diego MSA, with one in Poway and one in Oceanside, two assets in the Ventura County MSA, with one in […]
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