Olympus Property Acquires Multifamily Property In Chula Vista From Homefed Corp For $122.5M

Olympus Property has acquired a multifamily property located at 1925 Avenida Escaya in Chula Vista. The property consists of 272 units and was sold by Homefed Corp. The transaction took place on January 10, 2023, with a sale price of $122,500,000. With an average price per unit of $450,368, this acquisition represents a significant investment in the Chula Vista market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $122,500,000
• Units: 272
• Price Per Unit: $450,368
• Buyer: Olympus Property - Chandler Wonderly
• Seller: Homefed Corp

Chandler Wonderly, representing Olympus Property, played a key role in the acquisition of this multifamily property in Chula Vista. This transaction highlights the continued growth and investment opportunities in the area.