SAN DIEGO—Brookwood Financial Partners has acquired a seven-building portfolio of class A and class B office buildings in suburban San Diego for $113 million. The portfolio, which totals 484,573 square feet of multi-tenant space, includes: Civic View Corporate Center, a four-story class A office building containing 95,446 square feet located in San Marcos, CA; Ventana Real, which consists of two three-story and one two-story class A office buildings totaling 219,162 square feet located in Carlsbad, CA; and The Campus, which consists of two one-story and one two-story class B office buildings totaling 219,162 square feet, also located in Carlsbad, CA.

The portfolio has a current occupancy of 71.3%. With this acquisition, Brookwood now owns and manages 14 buildings in the greater San Diego area, containing over 921,000 square feet of space.

“These three properties were acquired as a portfolio, but each one of the assets represents a unique investment opportunity for Brookwood and our investors,” said Thomas Brown, Brookwood's president and director of real estate acquisitions. “These are high-quality properties, which we were able to purchase for a substantial discount to replacement cost in markets where both rents and occupancies are rising.”