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Transactions - DECEMBER 20, 2023

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Decron Properties acquires multi-housing community in San Diego and secures acquisition financing

by RELEASED

Decron Properties announced that it has acquired Margo at the Society, a generational, 240-unit, seven-story core multi-housing opportunity located in San Diego in the Mission Valley neighborhood.

JLL represented the seller and procured the buyer. JLL also worked on behalf of the new owner to secure the Fannie Mae loan. The loan will be serviced by JLL Real Estate Capital, a Fannie Mae DUS lender.

Completed in 2022, Margo consists of 240 luxurious one-, two- and three-bedroom homes with quartz countertops, stainless steel appliances, French door refrigerators, vinyl plank flooring and full-size in-home laundry. The community’s amenities include a pool and spa, fitness studio, pet spa, professional conference rooms, surfboard storage and repair room, and courtyards with fire pits and BBQ areas.

Situated at 201 Del Sol Dr., Margo at the Society is a five-minute walk from the Fashion Valley Transit Center, which connects residents to SDSU, downtown San Diego and

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