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San Diego apartment tower sale marks one of region’s priciest in years

Greystar sells 710-unit building to MG Properties for $309 million
MG Properties acquired Park 12 Apartments in downtown San Diego from developer Greystar, which completed the property in 2018. (CoStar)
MG Properties acquired Park 12 Apartments in downtown San Diego from developer Greystar, which completed the property in 2018. (CoStar)
CoStar News
February 6, 2025 | 8:26 P.M.

The sale of a downtown San Diego apartment high-rise is among the region’s largest of the past five years, signaling a warming of the multifamily investment climate.

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