Real Estate Acquisitions
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Equity Residential, the largest publicly traded U.S. apartment landlord, bought a 679-unit apartment tower in San Diego for $200 million.
The downtown property, called Vantage Pointe, was built in 2009 as a condominium project, the company said in a statement today. Equity Residential purchased all of the building’s units and is operating them as rentals.
The property is about 22 percent occupied, Equity Residential said. Amenities at the 40-story tower include a clubhouse, rooftop pool and sundeck, fitness center and theater.
The property is about 22 percent occupied, Equity Residential said. Amenities at the 40-story tower include a clubhouse, rooftop pool and sundeck, fitness center and theater.
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