May 14, 2019 Comments Off on R & V Management Snags Recently-Built MF for $149M Views: 241 California News, San Diego

R & V Management Snags Recently-Built MF for $149M

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Hanover Mission Gorge, a 374-unit multifamily property at 4440 Twain Ave. in San Diego, has traded hands for $149 million. The buyer was Mission Gorge Investors, L.P., controlled by San Diego-based R & V Management, while the seller was Houston-based Hanover Company.

Built in 2018, the luxury community features studio, one, two and three-bedroom open floor plans with granite countertops, stainless-steel appliances, walk-in closets, private terraces and wood-style flooring. Amenities include a resort-style pool with luxury cabanas, open-air loggias with TVs and fireplaces, a 24-hour professional fitness center, a clubhouse with a kitchen and a billiards table, and NEST learning thermostats.

Berkadia’s Ed Rosen, John Chu and Tyler Sinks facilitated the transaction on behalf of the seller.

“This asset has the highest quality design and craftsmanship,” said Rosen. “The property is a crown-jewel born of one of the most premiere, well-regarded and highly respected multifamily developers, The Hanover Company.”

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