SAN DIEGO—Boutique commercial real estate investment platformArc Capital Partners LLC, has partnered withAlex. Brown Realty, Inc. and New StandardEquities to acquire a multifamily property centrallylocated in the North Park submarket of SanDiego.
Solana Vista is a 132-unit, class-B apartmentcomplex located in a high-density area near the city's employmentcenters, cultural attractions, and recreational activities.
“We are thrilled to have the opportunity to acquire an urbaninfill asset in Southern California with significant upside,” saidQuincy Allen, managing partner of Arc CapitalPartners. “We plan to re-brand the asset and completely renovatethe property by upgrading building exteriors, enhancing unitinteriors and adding common area amenities to incorporate clean,modern design elements.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
