Walker & Dunlop, Inc. announced that it completed the sale of EV Lofts, a 208-unit Class A apartment community in Downtown San Diego.
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 in a statement, “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, EV Lofts is a mid-rise community. The property features amenities including a rooftop deck, resident lounge, fitness center and a dog park.
Situated just three blocks from Petco Park and the Gaslamp and East Village Districts, EV Lofts offers residents a mix of walkable retail, Michelin-recognized restaurants, and entertainment amenities. The property also features immediate access to the major employment hubs of San Diego including Westfield UTC, La Jolla, Sorrento Valley, Kearny Mesa, and Mission Valley.
Walker & Dunlop 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.