Out-of-state investors have been making big bets in San Diego County that they can get a solid return on investment on some of the priciest multifamily trades in the U.S. in a market where rents have been flat this year.

Since 2023, San Diego County has had a hefty share of lucrative apartment deals, accounting for 10% of all U.S. multifamily transactions of more than $150M, according to CoStar data.

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