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| Rendering of planned Persea apartments, Vista, CA |
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| Jeremy Meredith |
Persea is located at 1333 North Santa Fe Avenue in the heart
of North County San Diego.
The property has superior connectivity to the surrounding
communities of Carlsbad, Oceanside, San Marcos, Camp Pendleton and Escondido,
as well as downtown San Diego, via direct access to State Route 78, which
connects to the 5 and 15 Freeways.
Aditionally, the transit-oriented community is within
walking distance of two Sprinter light rail stations. Persea is served by
a variety of neighborhood retail and grocer amenities located at Downtown Vista
Village and Del Oro Marketplace, among others.
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| Olga Walsh |
Upon completion, Persea will feature three-story garden apartment buildings with studio, one- and two-bedroom units.
Planned community amenities include a clubhouse and game
room; a resort-style pool with cabanas, fire pits and gas bbq grills;
cabana-style lounge; two-level gym with an outdoor component; a group-fitness
and yoga studio; and a roof deck and lounge.
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| Leonardo Simpser |
“We are grateful for
HFF’s leadership, expertise, and access to capital that brings together
best-in-class financial sources including LLJ Ventures and Bank OZK.”
“Given San Diego’s housing deficit, and Vista’s flourishing
population, we look forward to creating an environment that results in rich and
authentic experiences for residents,” said Leonardo Simpser, Managing
Director, LLJ Ventures.
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| Patrick Burger |
The HFF debt placement team representing the borrower
included senior director Patrick Burger and senior associate Olga
Walsh.
Holliday GP Corp. ("HFF") is a real estate broker
licensed with the California Department of Real Estate, License Number
01385740.
LLJ Ventures is the private
equity arm of the LM Group, which was founded in 1983 in San Diego,
California.
Today, the group manages more than $7 billion of assets in its three divisions: LM Capital (institutional fixed income), LM Advisors (high net worth families) and LLJ Ventures (Private Equity with a Real Estate Focus).
Orion Pacific specializes in
developing vertically-integrated mixed-use, including multifamily, retail,
multifamily, office, and medical properties.
CONTACTS:
PATRICK BURGER
CA Lic. #01820848
HFF Senior Director
(858) 552-7690
KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990
JEREMY MEREDITH
Orion Pacific
Managing Partner
(858) 367-3505
1 comment:
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