Acquisition of The Village at Main Street

Deal value: $70,000,000

Acquisition of a mixed-use property in San Diego, CA, featuring 20,000 sq ft of retail and 100 residential units above. The property is located in a revitalized downtown area and includes a local grocery store and a community center.

The acquisition targets a mixed-use property in a revitalized downtown San Diego, capitalizing on strong rental demand, limited supply, and urban renewal trends. The core motivation is to secure stable, long-term cash flow from both residential and retail tenants, while benefiting from appreciation in a high-growth market. The timing aligns with ongoing population growth, job expansion, and a shift toward walkable, amenity-rich urban living.