SAN DIEGO—Greystar has purchased Ballpark Village Parcel C2, a development site that is part of a larger master-planned development located in downtown San Diego. The site is slated for a 37-story, 446-unit multifamily tower that will stand 400 feet.

The deal was announced Wednesday by JLL’s Capital Markets experts on behalf of JMI and LennarJLL notes that a constrained development pipeline paired with strong job growth has investors confident in San Diego’s multifamily prospects.

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