Firm Acquires Property Near Ballpark, Sees Upside in Low Apartment Supply, Rising Demand ...Middle East

News by : (Times of San Diego) -
The ALX building on 14th Street in the East Village. Photo credit: Screen shot, Google Street View Virtú Investments, a multi-family real estate investment firm, has acquired ALX, a 313-unit building in the East Village. The acquisition of ALX, at 300 14th St., strengthens Virtú’s position in Southern California, for a firm primarily engaged in the acquisition and management of properties in the western United States. Virtú, headquartered in the Bay Area, sees San Diego as an ideal location for investment based on the city’s limited housing supply and current property valuations that have fallen to a low point from their 2021 peak. The local market is expected to see strong rent

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