LaSalle Investment Management has acquired the Overlook at Bernardo Heights, a 330-unit multifamily community located in San Diego. LaSalle acquired the asset on behalf of its U.S. core open-end real estate fund, LaSalle Property Fund.
“The Rancho Bernardo submarket along the I-15 corridor of San Diego is a great location to own multifamily property for a variety of reasons, including good schools and access to employment and outdoor recreational activities. San Diego’s outsized population and job growth combined with the submarket’s high barriers to entry make this a compelling investment with meaningful upside potential,” said Summit Walia, managing director of acquisitions at LaSalle.
Overlook at Bernardo Heights is a well-located, high-quality multifamily property in the affluent Rancho Bernardo submarket of San Diego. The location features convenient a
