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Odyssey Properties Group Acquires the Palm Spring Apartments

Odyssey Properties Group is pleased to announce the recent, successful closing of The Palm Spring Apartments – a value-add investment opportunity.  The Palm Spring Apartments is a 75-unit apartment complex, well located in La Mesa, CA (a submarket of San Diego).  The property was purchased for $17,000,000 and is 95% occupied. The most recent appraisal for Palm Spring Apartments came in at $18,530,000.

Palm Spring Apartments will be a welcome addition to our portfolio, which now includes 4,000 multifamily units, 1,200 senior housing units, 1.3 million square feet of commercial properties, spread across 28 cities and 13 states, with a market value of $550,000,000.

Odyssey Properties Group is focused on providing secure, attractive investment returns via the strategic acquisition and asset management of multifamily properties in emerging U.S. markets of stability and growth.