Transactions - NOVEMBER 2, 2021

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Legacy Partners and Resmark sell 168-unit downtown San Diego apartment community

by Released

Legacy Partners and The Resmark Cos. have sold 4th + J in the luxurious Marina District of San Diego. It was sold to Versity Investments LLC for an undisclosed amount.

The six-story, 168-residence community at 372 Fourth Ave. was completed in 2020, in a joint venture between the two companies, and is 95 percent leased.

“We are very pleased with another successful project with Legacy,” said Ziv Cohen, Resmark’s CIO. “Their team brings forth ample local knowledge and development expertise. We look forward to many more projects with Legacy.”4th + J features studios, one- and two-bedroom residences, and loft spaces. Amenities at the community include a fitness center, pool, spa and pet area, and a rooftop barbecue and lounge area. The building’s architect, San Diego-based Carrier Johnson + Culture, incorporated sustainable elements such as electric charging stations, a heat-reflective roof, and space for photovoltaic cell installations.

“4th + J is in

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