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San Diego Apartments Sale Is Region’s Largest Commercial Deal of 2020

Vantage Pointe Sale Shows Downtown Investor Demand Despite Pandemic

Equity Residential sold the 679-unit Vantage Pointe apartment property in downtown San Diego for $312.5 million. (CoStar)
Equity Residential sold the 679-unit Vantage Pointe apartment property in downtown San Diego for $312.5 million. (CoStar)

National investment firm Equity Residential has sold a San Diego apartment property for $312.5 million in the region’s largest commercial transaction of the year, a sign of investor interest in the downtown multifamily market despite a pandemic-spurred slowdown in consumer demand.

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