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Pacific Urban Investors acquires 266-unit Ascend apartments, rebrands as Harlowe

PRIVATEOct 10, 2024

Acquiring Company

Pacific Urban Investors

Financial Services

Description

Pacific Urban Investors, a multifamily owner-operator and investment manager, expands its portfolio by acquiring the 266-unit Ascend apartments in Milpitas, rebranding it as Harlowe. This acquisition is the first under a new venture with a foreign pension advisor, demonstrating a strategic focus on Class A communities in U.S. markets.

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Company Information

Company

Pacific Urban Investors

About

The Palo Alto, CA-based company has over $8.6 billion in assets under management and owns and manages a national portfolio of more than 20,000 units. The firm and its partners have decades of experience in apartment investments, both repositioning and ‘re-manufacturing’ multifamily assets and their income streams to their optimal, core potential. Pacific has progressed over time to become a best-in-class owner, operator and asset manager in the multifamily space, serving as a fiduciary for its own partner capital as well as its strategic partnerships with institutional pension funds and other sophisticated investors. Pacific is actively acquiring multifamily assets as a principal and providing both co-investment and preferred equity for development, acquisition, and recapitalization. For more information, please visit www.pacificurbaninvestors.com or please contact: Grant Geisen Senior Vice President, Investments11999 San Vicente Boulevard, Suite 340 | Los Angeles, CA 90049(P) 310.873.5125 | (M) 949.296.5368 | ggeisen@pacificurbaninvestors.com Rory GardnerPresident11999 San Vicente Boulevard, Suite 340 | Los Angeles, CA 90049(P) 310.873.5122 | (M) 949.439.0557 | rgardner@pacificurbaninvestors.com Media Contact: Christine BrionesOffice: 650.842.2390Email: cbriones@pacificurbaninvestors.com

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