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Multifamily Investment in San Diego Picked Up in 2019

CoStar Insight: But in 2020, Investors Will Begin Dealing With California’s New Rent Cap
The 374-unit Vora Mission Gorge apartment building in San Diego sold in April 2019. (CoStar)
The 374-unit Vora Mission Gorge apartment building in San Diego sold in April 2019. (CoStar)
CoStar Analytics
January 30, 2020 | 10:27 AM

If investors were concerned about California’s pending rent cap law in 2019, they didn’t show it. Sales volume reached $2.5 billion in 2019, an increase from 2018. A quarter of investment volume originated with institutional, private equity or REIT concerns.

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