Pacific Urban in the News
Read the latest multifamily industry news and stories coming from Pacific Urban Investors.
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Pacific Urban Investors Expands Southern California Portfolio with Acquisition of La Scala Strengthening Presence in Highly Desirable San Diego Submarket
Multifamily owner-operator and investment manager Pacific Urban Investors acquired La Scala, a 354-unit apartment community in the La Jolla / University Town Center (UTC) submarket of San Diego, CA, on July 14, 2023. The property was renamed Veranda La Jolla (the “Property”) and marks Pacific’s 22nd acquisition in the San Diego Market. Veranda is Pacific’s […]
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Pacific Urban Investors Acquires Sierra A Premier Multifamily Residence in Manhattan’s Coveted Chelsea Neighborhood
Multifamily owner-operator and investment manager Pacific Urban Investors acquired The Sierra, a 213-unit full-service apartment building on August 8th, 2023. The property has been renamed Sierra Chelsea to reflect its location in the highly desirable Chelsea neighborhood of Manhattan. This marks Pacific’s 12st acquisition on the East Coast, its first in New York City. Sierra […]
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Pacific Urban Investors Expands Boston MSA Portfolio with Acquisition of The Residences at River’s Edge
Multifamily owner-operator and investment manager Pacific Urban Investors has acquired The Residences at River’s Edge, a 222-unit apartment community in Medford, MA. The acquisition of Residences at River’s Edge (the “Property”) is the third investment in the Boston metro for Pacific Urban bringing the total Boston MSA portfolio to 746 units. The Residences at River’s […]
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$150M Sale of Southern California Multi-Housing Community Closes with Preferred Equity provided by Pacific Urban Investors
Pacific Urban Investors’ (PUI) Structured Finance Group announced today that it has provided Preferred Equity to Archway Equities to facilitate the acquisition of The Paseos at Montclair, a 385-unit multi-housing community located in the Inland Empire community of Montclair. Built in 2014, the garden-apartment style community features a unit-mix of studio, one-, two- and three-bedroom […]
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Pacific Urban Investors Acquires La Jolla International Gardens
Multifamily owner-operator and investment manager Pacific Urban Investors acquired La Jolla International Gardens, a 400-unit apartment community in the La Jolla / University Town Center (UTC) submarket of San Diego, CA, on April 27, 2023. The property was renamed Allina La Jolla (the “Property”) and marks Pacific’s 21st acquisition in the San Diego Market. Allina […]
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Pacific Urban Investors Continues Growth in Denver Market. Seeks Additional Opportunities in 2023.
Multifamily owner-operator and investment manager Pacific Urban Investors (“Pacific”) continued growth in the Denver market in 2022, with the acquisition of Greenwood Plaza. The 266-unit Greenwood Plaza community marks Pacific’s third acquisition in the region. In total, at year end 2022, Pacific’s Mountain West portfolio consists of two properties totaling 464 units. The acquisition of […]
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$200M Sale of Westchester County Multi-housing Community Closes with Preferred Equity provided by Pacific Urban Investors
PUI’s Structured Finance Group announced today that it has provided Preferred Equity for the acquisition of Halstead Station, a 24-story, 408-unit luxury, high-rise multi-housing community located at the Metro North train station in New Rochelle, Westchester County, New York. JLL represented the seller, The DSF Group. Kholsa Capital LLC acquired the asset. Built in 2001, […]
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- Preferred Equity
Pacific Urban Investors Acquires Pacific Northwest Portfolio
Multifamily owner-operator and investment manager Pacific Urban Investors has acquired a nine-property, garden-style portfolio totaling 2,195 units in the Seattle and Portland metros. Three of the communities are located within the Seattle MSA and the other six in the Portland MSA. The acquisition expands Pacific’s Pacific Northwest portfolio to 4,915 units across 23 properties. The […]
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Pacific Urban Investors places 1st in Nation in GRESB
For the second year in a row, Pacific Urban Investors has placed number 1 in the nation in the 2022 Global Real Estate Sustainability Benchmarking (GRESB) rankings, which measure performance in ESG. In addition to the overall ranking of our multi-family residential portfolio, Pacific received a 5-star ranking for the 4th straight year recognizing the […]
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Pacific Urban Investors Announces 299-Unit Joint Venture with Intracorp Homes
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 […]
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