SAN FRANCISCO, CA - 29th Street Capital (29SC), a privately-held real estate operator, has acquired Villa Del Sol Apartments, a Class B, 203-unit multifamily asset located in the College East submarket of San Diego. 29SC plans to make improvements to unit interiors, including adding vinyl-plank flooring, updating countertops and installing stainless-steel appliances. The firm also plans value-creating improvements to the property’s amenities, roof and curb appeal.
“We are excited about the strong fundamentals we see in the San Diego market,” said Jason de Guzman, 29SC’s Senior Vice President of Acquisitions. “All of the demographic indicators are pointing in the right direction. With its attractive lifestyle and emergence as a technology hub, we believe there is a lot of runway in San Diego for many years to come.”