Sunrise Management Expands San Diego County Presence
San Diego-Based Firm Adds Eight Multifamily Properties Locally
By: Sunrise Management
According to Sunrise CEO and president Joe Greenblatt, his company will assume the leasing and day-to-day operations of the properties and assist with approximately $2.6 million in capital improvements to the communities including upgrades to interiors, common areas, landscaping and more.
Primarily located in urban San Diego, the communities – all owned by San Diego-based Pathfinder Partners as part of its Pathfinder Tradewinds platform – include:
· The Marlin, eight units in west City Heights
· Las Palmas, 36 units in Hillcrest
· The Dorado, 25 units in west City Heights
· The Wahoo, 13 units in west City Heights
· The Amberjack, 18 units in Normal Heights
· The Bluefin, nine units in North Park
· Driftwood, 24 units in Pacific Beach
· Canary Palms, 22 units in Poway
With these latest additions Sunrise now oversees more than 6,000 units throughout Southern California.
"These new properties expand our San Diego presence, where we have operated for more than 40 years and position us for further growth throughout the region," Greenblatt said.
About Sunrise Management
Founded in 1978, Sunrise Management is a privately-owned San Diego-based firm specializing in the management of residential real estate properties. The firm currently has regional offices in Sacramento, Las Vegas and Phoenix, with a portfolio of more than 13,000 units through California and the southwest. For more information, visit www.sunrisemgmt.com.
About Pathfinder Partners
Headquartered in San Diego, Pathfinder Partners makes opportunistic investments in distressed real estate assets and value-add properties. Pathfinder has acquired or sold $1 billion of properties since inception. In addition to seeking opportunities to add value by providing liquidity to selling financial institutions, liquidating funds and fatigued owners, Pathfinder also seeks to maximize value through property enhancements, improvements in operations and marketing, property repositioning and other strategies. For more information on the firm visit www.pathfinderfunds.com. For more information of Pathfinder's Tradewinds properties visit www.tradewindsliving.com.