Northmarq’s San Diego office arranges $31.5 million sale of The Ridge in San Diego, California
The Ridge Apts
SAN DIEGO, CALIFORNIA (October 26, 2022) – Kyle Pinkalla, managing director, and Erik Anderson, vice president, of Northmarq’s San Diego investment sales team secured the $31.5 million sale of The Ridge Apartments. The 87-unit multifamily property, built in 1989, is located at 4641-4677 Home Avenue, San Diego, California. Northmarq represented both the seller, AAA Management, and the buyer, MC Properties, in the transaction.
The sale comes in the context of strengthened multifamily market in the local investment market during Q2, according to Northmarq’s recently released San Diego Multifamily Market Insights. Year to date, sales volume is up nearly 10 percent from last year. Read the full story here.
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
