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2/20/26
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Pathfinder Partners has purchased San Carlos Village, a 160-unit multifamily community in San Diego, for $31.6 mil, or $197.5k/unit, in an off-market deal. The acquisition was financed with a new loan for $18.6 mil.
Originally developed in 1980 by the seller, San Carlos Village is a low density, sprawling complex spanning over 7.3 acres at 7707-7787 Tommy St, at the base of Cowles Mountain, one of San Diego's most popular hiking destinations. The property is being renamed Cowles Landing under new ownership. Located in the San Carlos neighborhood, the asset benefits from strong market fundamentals, including a median home price of approximately $950k in the surrounding area, underscoring the premium residential appeal of the submarket.
Newmark Senior Managing Director Erik Anderson represented Pathfinder Partners, a San Diego-based real estate investment firm specializing in multifamily assets across the western and central U.S. The seller, EFRSCV LLC (heirs of the original developer), was repped by Greg Gorsuch of Chamberlain Property Management. Vice Chairmen Robert Younkin and Garrett Meyers of Newmark’s Debt & Structured Finance group arranged the Fannie Mae loan to facilitate the acquisition.
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