Gary Goss of Burnham Capital Markets Group arranged the financing for Gleiberman Family LP through North Island Federal Credit Union.

Despite signs of weakness in its luxury sector, San Diego County's apartment market is still one of the strongest in the country, as it finished 2002 with a 3.7% overall vacancy rate, according to a recent report by Marcus & Millichap Real Estate Investment Brokerage Co. And with prices for single-family homes increasing by more than 20% in the past year, more renters are being forced to remain in the apartment market for a longer period of time. Rental growth over the next year is expected to occur in the class B and C product classes, as Marcus & Millichap researchers say vacancy rates in these properties are "much tighter than in the class A luxury segment." Rents are expected to increase 3.5% in 2003, which will push the average monthly rate to $1,106.