We purchased a small SRO in the Hillcrest neighborhood in San Diego, CA for refurbishing. Sales were slower, selling two projects, one of our older Office projects in Utah and an Industrial project in Colorado.
Acquired a Historical building in downtown San Diego, CA for refurbishing. We sold twelve projects this year with a combination of Industrial and Multi-Family projects. This was a record-breaking year with sales of over $135,000,000.
Purchased a 171-unit Hotel for a conversion to Studios in San Gabriel, CA and a small Multi-Family project in San Diego, CA. Even with the unprecedented event of the Covid lock-down we still sold several of our projects this year.
Acquired two Multi-Family projects in San Diego, CA. Sold eleven of our projects, a combo of Multi-Family and Industrial for a total of $118,925,000 in sales. Sales exceeded expectations and brought in good returns for our investors.
Acquired over 1.45 million SF of industrial product in Denver and several small multi-family development projects in San Diego
Acquired a retail center in Newport Beach with plans for mixed-use redevelopment, several multi-family projects in San Diego and Salt Lake City, and several industrial projects in Denver, Dallas and SoCal. Sales exceeded expectations and were very profitable for our investors.
Acquired several small apartment projects in the San Diego area, together with several multi-tenant industrial parks in Phoenix and Dallas
Acquisitions included a commercial asset in Denver, four industrial parks in Seattle, Denver and Phoenix, and a group of apartment buildings in the Northpark and Ocean Beach areas of San Diego
Expansion continued in Salt Lake City with the purchase of a portfolio of apartment buildings totaling 438 units, three industrial parks in Phoenix and one office project in Southern California
Five new Business parks were purchased in Utah, Colorado and Arizona. The Portfolio currently includes 2,040 apartment/condominiums units and 1,420,000 square feet of office/industrial over five states.
Our focal point continues to be small multi-tenant industrial/office space adding over 270,000 square feet to the portfolio along with 218 apartment units. Sales exceeded $61,000,000.
With the economy showing signs of improvement,
our portfolio increased by 68 multifamily units and continued expansion in the multi-tenant industrial/office market by adding 71,500 square feet of space.
As difficult times continued, we were able to complete two sales in 2010, no new properties were added to the portfolio.
Despite a difficult year for commercial real estate, 315 apartment units were added to our portfolio, including 95 fully upgraded condominium units purchased from lenders in short sales.
Focus on multifamily purchases added over 600 units in Salt Lake, Denver, Las Vegas and Southern California. Continued expansion in multi-tenant industrial/office market in the Salt Lake area.
Portfolio includes over 3,000 apartment units and 860,000 square feet of small office or industrial space over eight states.
Further expansion into Salt Lake City with office and apartment acquisitions.
1,489 apartment units added to our portfolio in markets including Phoenix, San Diego, Corpus Christi, and Salt Lake City. Property sales exceeded $95,000,000.
Continued expansion into Nevada and Oklahoma, adding seven properties totaling $119,000,000. Sixteen portfolio properties sold distributing in excess of $73,000,000 to investors.
Multifamily focus on purchases in Las Vegas and Oklahoma. Nine properties sold distributing $35,000,000 to investors.
Total transactions exceed $126,000,000 with addition of 11 properties.
Purchase and sale transactions exceed $70,000,000. Begin acquisition of apartments in Nevada. Portfolio value approaches $200,000,000.
Completes a record year of acquisitions and sales, purchasing nine properties for over $43,000,000.
Identifies Sacramento, California, as an emerging market and purchased 1300 units in 13 apartment communities. Also pursued over 1 million square feet of commercial properties in “lagging recovery” areas of Orange, Riverside and San Bernardino counties in southern California. Portfolio value exc