SAN DIEGO—CBRE Group Inc. says that investor/manager Dan Floit has diversified his multifamily portfolio with $52 million in commercial exchanges in San Diego. CBRE's Jim Neil, Eric Comer and Merrick Matricardi represented Floit in the sale of five multifamily properties and Tim Kerrigan of CBRE—who has represented Floit for more than twenty-five years—represented him in the acquisition of the Polak Family Portfolio, which consists of four transactions on 21 parcels; an additional shopping center in Jamul was also acquired by Floit.
Floit sold five multifamily properties, located throughout San Diego, totaling 62,000 square feet and 107 units, for $18 million. The properties sold were:
· The six-unit, 4025 Illinois Street was sold to Kroah Investors LLC for $1.32 million.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
