Griffis Residential Acquires Multifamily Property In San Diego For $155.7M

In a recent closed transaction in San Diego's multifamily market, Griffis Residential acquired a property located at 1440 Hotel Circle North for a sale price of $155,700,000. The asset, consisting of 350 units, was sold by AEW. The transaction took place on May 4, 2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $155,700,000
• Address: 1440 Hotel Circle North
• Market: San Diego

The buyer, Griffis Residential, acquired the property from the seller, AEW. The deal was facilitated by brokers Dean Zander, Kevin Mulhern, and Stew Weston.