Broe breaks into SoCal multifamily with $148M acquisition from Greystar

Greystar has found a buyer for a newly built luxury apartment building in San Diego just a few years after opening.  Colorado-based Broe Real Estate Group, an affiliate of investment firm The Broe Group, acquired the property at 525 Olive Street in San Diego for $148 million, The Real Deal has learned. Broe acquired the 20-story, 204-unit structure in an all-cash transaction. A joint venture between Greystar and St. Paul’s Episcopal Church sold the property, Multi-Housing News reported. Walker & Dunlop’s Hunter Combs served as transaction advisor. Development of 525 Olive cost $100.2 million and was completed in 2022. Apartments […]

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