San Diego State University Acquires Suites On Paseo Student Housing For $40.7M

The Suites on Paseo, a 384-bed student housing community located at 5595 Lindo Paseo in San Diego, has been sold to San Diego State University affiliate. The buyer, represented by Adela la Torre, acquired the property from the seller, Greystone Housing Impact Investors, represented by Kenneth C. Rogozinski. Completed in 2013, the property offers fully furnished one-bedroom apartments with various amenities. It is conveniently located within walking distance of San Diego State University.

Summary of transaction details

• Property Type: Student Housing
• Transaction Amount: $40,700,000
• Beds: 384
• Price per bed: $105,990

This deal highlights the purchase of Suites on Paseo by San Diego State University affiliate. Adela la Torre represented the buyer in the transaction, while Kenneth C. Rogozinski represented the seller. The property is situated in San Diego, a prime market for student housing, making it an attractive investment for the buyer. The acquisition of this fully-furnished student community expands San Diego State University's housing portfolio and enhances its offerings to students.