Multifamily owner-operator and investment manager Pacific Urban Residential has expanded its East Coast investment footprint to now include the Boston Metro market. Pacific’s director of capital markets, Adam Fruitbine, will oversee the Boston expansion efforts.
Alfred Pace, Pacific’s co-founder and CEO, on expanding the firm’s growth plans, said, “Notwithstanding current challenges, we remain true to our investment strategy of investing in job rich markets possessing demonstrated, long-term rent growth, household formation, intellectual capital and sustained investor appetite. Across all U.S. markets, we have discretionary equity available to acquire $2 billion of new investments and look forward to participating in the Boston market.”
