Pacific Urban Investors acquires 266-unit Ascend apartments, rebrands as Harlowe
10/10/24, 9:54 PM
Location
milpitasIndustry
financial services
real estate
Pacific Urban Investors, a multifamily owner-operator and investment manager, expands its portfolio by acquiring the 266-unit Ascend apartments in Milpitas, rebranding it as Harlowe. This acquisition is the first under a new venture with a foreign pension advisor, demonstrating a strategic focus on Class A communities in U.S. markets.
Company Info
Company info
The Palo Alto, CA-based company has over $8.6 billion in assets under management and owns and manages a national portfolio of more than 20,000 units. The firm and its partners have decades of experience in apartment investments, both repositioning and ‘re-manufacturing’ multifamily assets and their income streams to their optimal, core potential. Pacific has progressed over time to become a best-in-class owner, operator and asset manager in the multifamily space, serving as a fiduciary for its own partner capital as well as its strategic partnerships with institutional pension funds and other sophisticated investors. Pacific is actively acquiring multifamily assets as a principal and providing both co-investment and preferred equity for development, acquisition, and recapitalization.
For more information, please visit www.pacificurbaninvestors.com or please contact:
Grant Geisen Senior Vice President, Investments11999 San Vicente Boulevard, Suite 340 | Los Angeles, CA 90049(P) 310.873.5125 | (M) 949.296.5368 | ggeisen@pacificurbaninvestors.com
Rory GardnerPresident11999 San Vicente Boulevard, Suite 340 | Los Angeles, CA 90049(P) 310.873.5122 | (M) 949.439.0557 | rgardner@pacificurbaninvestors.com
Media Contact: Christine BrionesOffice: 650.842.2390Email: cbriones@pacificurbaninvestors.com