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San Diego Apartment Deal Advances Investor Momentum Into New Year

Blackstone Sells to Northern California Firm Amid Rising Rents, Tight Vacancies
Interstate Equities Corp. acquired the La Jolla Blue apartment complex in San Diego for approximately $168.5 million. (CoStar)
Interstate Equities Corp. acquired the La Jolla Blue apartment complex in San Diego for approximately $168.5 million. (CoStar)
CoStar News
January 18, 2022 | 10:24 P.M.

A nearly $170 million San Diego apartment deal is among the region’s first big multifamily sales of 2022 and the largest of the past year, as rising rents spur escalating investor demand.

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News | San Diego Apartment Deal Advances Investor Momentum Into New Year