{"id":1004104922,"date":"2014-10-02T07:13:31","date_gmt":"2014-10-02T15:13:31","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=296294"},"modified":"2022-03-04T15:09:02","modified_gmt":"2022-03-04T23:09:02","slug":"rv-management-acquires-m-f-asset-in-otay-mesa-for-150m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rv-management-acquires-m-f-asset-in-otay-mesa-for-150m\/","title":{"rendered":"R&amp;V Management Acquires M-F Asset in Otay Mesa for $150M"},"content":{"rendered":"<p><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p class=\"MsoNormal\">In the San Diego area&#8217;s largest multi-family deal so far in 2014, R&amp;V Management Corp. of San Diego paid $150 million for a 644-unit community in Otay Mesa, according to <a href=\"https:\/\/www.sdbj.com\/news\/2014\/sep\/29\/otay-mesa-apartments-sold-150-million\/\" rel=\"nofollow\"><em>The San Diego Business Journal<\/em><\/a>. An affiliate of Garden Communities Inc., also of San Diego, was the seller. The deal was arranged on behalf of both parties by a team from Cushman &amp; Wakefield Inc.<\/p>\n<p class=\"MsoNormal\">Greenfield Village <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/GreenfieldVillage-2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-296295\" title=\"GreenfieldVillage-2\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/10\/GreenfieldVillage-2.jpg\" alt=\"\" width=\"250\" height=\"166\" \/><\/a>comprises fifteen buildings, two clubhouses, an indoor movie theater, fitness facilities and a business center. The acquisition expands R&amp;V Management&#8217;s portfolio in San Diego County to more than 7,000 units.<\/p>\n<p class=\"MsoNormal\">In other San Diego County multi-family news, Wermers Properties and R&amp;V Management have acquired a development site from Pacific Highlands Ranch Village L.L.C. near the master-planned community of Carmel Valley. The two parties paid $17.5 million. The buyers plan to develop about 331 units on the site.  Construction is scheduled to begin early next year and be completed in 2017,<a href=\"https:\/\/www.sdbj.com\/news\/2014\/sep\/29\/developers-plan-pacific-highlands-apartments-after\/\" rel=\"nofollow\"><em> SDBJ<\/em><\/a> reports.<\/p>\n<p>Image courtesy of<em> gardencommunitiesca.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>San Diego-based R&amp;V Management Corp. recently greatly expanded its San Diego-area apartment portfolio as it completed the purchase of a large residential community in the city&rsquo;s Otay Mesa submarket. The company acted through partnerships controlled by the local entity in order to acquire the Greenfield Village property for a total of $150 million from seller Otay Greenfield Developers LLC, an entity of Garden Communities Inc. of San Diego. The deal was arranged on behalf of both parties by a team from brokerage company Cushman &amp; Wakefield.<\/p>\n","protected":false},"author":41,"featured_media":1004505752,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1608],"tags":[],"class_list":["post-1004104922","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-san-diego"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>R&amp;V Management Acquires M-F Asset in Otay Mesa for $150M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/rv-management-acquires-m-f-asset-in-otay-mesa-for-150m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"R&amp;V Management Acquires M-F Asset in Otay Mesa for $150M\" \/>\n<meta property=\"og:description\" content=\"San Diego-based R&amp;V Management Corp. recently greatly expanded its San Diego-area apartment portfolio as it completed the purchase of a large residential community in the city&rsquo;s Otay Mesa submarket. The company acted through partnerships controlled by the local entity in order to acquire the Greenfield Village property for a total of $150 million from seller Otay Greenfield Developers LLC, an entity of Garden Communities Inc. of San Diego. The deal was arranged on behalf of both parties by a team from brokerage company Cushman &amp; Wakefield.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/rv-management-acquires-m-f-asset-in-otay-mesa-for-150m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-10-02T15:13:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-04T23:09:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/GreenfieldVillage-2.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rv-management-acquires-m-f-asset-in-otay-mesa-for-150m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rv-management-acquires-m-f-asset-in-otay-mesa-for-150m\\\/\"},\"author\":{\"name\":\"Alex Girda\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"headline\":\"R&amp;V Management Acquires M-F Asset in Otay Mesa for $150M\",\"datePublished\":\"2014-10-02T15:13:31+00:00\",\"dateModified\":\"2022-03-04T23:09:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rv-management-acquires-m-f-asset-in-otay-mesa-for-150m\\\/\"},\"wordCount\":185,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rv-management-acquires-m-f-asset-in-otay-mesa-for-150m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/GreenfieldVillage-2.jpg\",\"articleSection\":[\"News\",\"San Diego\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rv-management-acquires-m-f-asset-in-otay-mesa-for-150m\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rv-management-acquires-m-f-asset-in-otay-mesa-for-150m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rv-management-acquires-m-f-asset-in-otay-mesa-for-150m\\\/\",\"name\":\"R&amp;V Management Acquires M-F Asset in Otay Mesa for $150M - 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