Patrick Freydberg News Today

PALO ALTO, CA - Multifamily owner-operator and investment manager Pacific Urban Investors (“Pacific”) has entered the Atlanta market acquiring their first property in the MSA totaling 412 units with a total consideration of $102.5 Million. Mount Vernon Flats at The Perimeter (rebranded The Kinsley at Perimeter Center) (the “Property”) is located in the job- and amenity-rich hub of Perimeter Center in northern Atlanta. Pacific’s entry into the Atlanta market is a...

PALO ALTO, CA - Multifamily owner-operator and investment manager Pacific Urban Investors acquired The Sierra, a 213-unit full-service apartment building on August 8th, 2023. The property has been renamed Sierra Chelsea to reflect its location in the highly desirable Chelsea neighborhood of Manhattan. This marks Pacific’s 12st acquisition on the East Coast, its first in New York City. Sierra Chelsea is a 14-story building constructed in 2002 located on 15th Street between 6th and 7th...