Patrick Broe Of Broe Real Estate Group Acquires 204-Unit Multifamily Building In San Diego For $148M

The multifamily asset at 525 Olive Street in San Diego, CA, features 204 luxury apartment units. The property was sold for $148 million in an all-cash transaction. Completed in 2022, the 20-story building includes 18 affordable units and amenities such as a pool, gym, and sky club, with a price per unit of $725,490.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $148,000,000
• Buyer: Patrick Broe - Broe Real Estate Group
• Seller: Bob Faith - Greystar; St. Paul’s Episcopal Church
• Broker: Hunter Combs - Walker & Dunlop
• Units: 204
• Year Completed: 2022

This transaction involved Patrick Broe, who represented the Broe Real Estate Group as the buyer, while Bob Faith represented the sellers, Greystar and St. Paul’s Episcopal Church. Hunter Combs acted as the broker in this transaction, facilitating the deal between both parties.