This property sets a new standard for luxury living with designer-selected, resort-inspired amenities including townhome residences with attached garages, a community clubhouse and resort-style pool.
Investment Rationale
-
A newly developed, 180-unit luxury coastal apartment community that is walking distance from the Pacic Ocean.
-
Located in San Diego’s Point Loma submarket where apartment vacancies are at 2%, compared to San Diego’s 2.5%. San Diego is perennially among the most supply constrained apartment markets in the U.S. where vacancies have averaged below 4% in the past ten years, compared to the national average apartment vacancy of 5.5%.
-
Point Loma is a ‘Millennial Magnet’ neighborhood, where over 30% of the population within three miles are between the ages of 20 and 34 years old.
-
Property is a good fit with JLL Income Property Trust’s ‘lease to core’ approach to apartments of acquiring at completion of development and managing the property’s lease-up.
Property Gallery
Location
![Dylan Map2](https://jllipt.imgix.net/uploads/properties/dylan-point-loma/map/dylan_map3.jpg?auto=format%2C%20compress&ch=DPR&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&ixlib=php-3.3.1&w=400&s=5ea52c835e44ee306c811fef9e191909)