Dylan Point Loma

9.4 Acres (Urban Infill)

The Dylan Apartments brought life to a decades-dormant parcel of school district-owned land in the Point Loma neighborhood of San Diego.

Property Type: Luxury Class A+ garden-style residential project; redevelopment of former elementary school property

Development Overview: Related entity acted as General Contractor (Completed in 2016)

Total Project Cost: $60.0mm
Equity Source: Monarch Partners’ Equity

Debt Provider: Wells Fargo Bank (Senior Construction Lender); Nationwide Insurance (Mezzanine Lender)

Status: Realized; sold in August 2016 to LaSalle Investment Management

Total Sale Proceeds: $90.0mm