San Diego, CA – Equity Street Capital, a commercial investment group based in San Diego, is thrilled to announce the successful acquisition of Avaz (Formerly known as The Bay Inn Apartments) an 80-unit, 5-building apartment complex in the vibrant Pacific Beach neighborhood. This strategic acquisition marks another milestone for Equity Street Capital as they continue to expand their presence in the thriving San Diego real estate market.
The off-market transaction was executed with precision, leveraging the extensive transactional experience of Equity Street Capital. The acquisition underscores the group’s commitment to identifying unique investment opportunities and contributing to the growth of San Diego’s real estate landscape.
“The acquisition of this apartment complex in Pacific Beach aligns perfectly with our strategic vision for growth in San Diego. We are excited about the potential of this property and its contribution to our expanding portfolio,” stated Paul Esajian, co-founder of Equity Street Capital.
The Pacific Beach neighborhood, known for its stunning coastline, lively atmosphere, and diverse community, has become a hotspot for real estate investment. With its strategic location and high demand for housing, the acquisition aligns seamlessly with Equity Street Capital’s goal to invest in promising markets.
As Than Merrill, co-founder of Equity Street Capital, expressed, “We are thrilled to be part of the Pacific Beach community and contribute to the dynamic growth of San Diego’s real estate market.”
About Equity Street Capital
Equity Street Capital is a San Diego-based commercial investment firm focused on achieving attractive risk-adjusted returns while maximizing long-term capital appreciation. Equity Street Capital manages over $2.2 billion worth of real estate across the country.