Good Monday morning from Del Mar California! It’s a great day and going to be a most excellent week.
I’d love to hear what’s good in your world …
One of the best things of my day, is going to be finally being allowed to go to walk on the beach. Despite the fact that we live 2 blocks from the edge of the world (and the Pacific Ocean), the powers that be (used to be?) have been keeping us from walking on the beach, swimming in the ocean and even going to to cliffs to watch sunsets. After a lot of political BS, this has been lifted and as of today, we can once again go to the beach in Del Mar.
According to a post at SanDiegoRealEstate.re, Del Mar – based Cazador Investments, LLC has closed on five separate acquisitions across San Diego County in the last nine months, totaling 44 multifamily units and 4 commercial spaces in several desirable submarkets. Hunter Beaumont, President of Cazador, comments, “These acquisitions were each situational opportunities where we could get into strong value-add candidates in attractive areas and at a great basis. Discount to replacement cost is one of our most important metrics, and these assets were all acquired at a substantial discount to what it would cost to build them today.”