Lowe has acquired Tenth & G Apartments, a 207-unit multifamily community in the heart of downtown San Diego’s vibrant Ballpark District. Built in 2008, Tenth & G is an eight-story apartment community with steel and concrete construction featuring modern loft-style residences and 8,250 square feet of ground-floor retail. Lowe plans to complete improvements to the property with a new leasing office and co-working space, an expanded fitness center, upgraded common areas and in-unit renovations comparable to similar nearby properties. These upgrades are designed to elevate the resident experience while preserving the property’s attainable rent rates.
Lowe is focused on acquiring high-quality, well-located multifamily properties at current lower valuations that can benefit from enhancements to property operations and/or physical improvements.