Broe Real Estate Group Acquires Luxury Multifamily Asset 525 Olive in San Diego
Broe Real Estate Group (BREG), the real estate affiliate of The Broe Group, has completed an all-cash acquisition of 525 Olive, a 20-story luxury apartment building in San Diego's Bankers Hill neighborhood. This transaction marks the firm's strategic entry into the Southern California multifamily market as part of a broader billion-dollar expansion initiative. The 204-unit Class AA property, which opened in August 2022, was recognized by CoStar as the 2023 multifamily project of the year. Located near Balboa Park, the asset is positioned to capitalize on San Diego's economic growth and high demand for premium residential living. The acquisition was finalized within a 60-day period with advisory support from Walker & Dunlop.
Tickers: $WD
Topics: multifamily real estate property acquisition San Diego real estate market