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Why Kearny Mesa Stands Out for Apt. Investors

A lack of class-A apartments to support the 120,000-plus jobs in this popular office and industrial neighborhood of San Diego is keeping investors interested in this submarket, Moran & Co.'s Derrek Ostrzyzek tells GlobeSt.com.

By Carrie Rossenfeld | carrierossenfeld | Updated on September 26, 2017

Derrek Ostrzyzek Ostrzyzek: “This is a job-rich submarket, but there are no more than five class-A apartment communities in the submarket.”

SAN DIEGO—A lack of class-A apartments to support the 120,000-plus jobs in the popular office and industrial neighborhood of Kearny Mesa in San Diego is keeping investors interested in this submarket, Moran & Co. director Derrek Ostrzyzek tells GlobeSt.com. Ostrzyzek recently represented seller Alliance Residential in the sale of Broadstone Corsair, a 360-unit luxury multifamily complex in Kearny Mesa, to Olympus Property and Artemis Real Estate Partners, representing the buyers’ seventh multifamily investment, in the San Diego market.

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