Sean Gulian Of Nuveen Acquires Multifamily Property In San Diego From Equity Residential For $183M

The asset involved in this transaction is a multifamily property located at 1250 Santa Cora Avenue in the San Diego market. The sale price of the property is $183,000,000, which includes a total of 440 units. The property encompasses a total square footage of 430,945, resulting in a price per unit of $415,909 and a price per square foot of $424.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $183,000,000
• Units: 440
• Square Footage: 430,945
• Price Per Unit: $415,909
• Price Per Square Foot: $424
• Buyer: Sean Gulian - Nuveen
• Seller: Equity Residential
• Brokers: Rachel Parsons & Derrek Ostrzyzek - CBRE

The deal features Sean Gulian representing Nuveen as the buyer while Equity Residential serves as the seller. The brokerage team facilitating the transaction consists of Rachel Parsons and Derrek Ostrzyzek from CBRE, demonstrating a collaborative effort between representatives for a successful transaction in the multifamily sector.