March 12, 2019
FPA Multifamily, LLC, sold Fifty Twenty-Five, a luxury student housing community serving San Diego State University, to Denver-based Cardinal Group Investments, LLC for $92.5 million. The Class A property at 5025 Collwood Blvd. includes 260 units encompassing 942 beds.
Completed in 2010, the LEED Gold-certified property offers a mix of studio, two and four-bedroom floor plans with amenities, including flat-screen televisions, high-speed internet, modern furnishings, full-size washers and dryers, walk-in closets and fully-equipped kitchens. The community also features a resort-style swimming pool, 24-hour fitness center, study rooms, 24-hour computer center, coffee bar, tanning bed, shuttle service and 598-space parking garage.
HFF’s Sean Deasy, Hunter Combs and Scott Clifton handled the deal on behalf of the seller.
For comments, questions or concerns, please contact Dennis Kaiser