10Y UST4.94%-0.80%30Y MTG7.24%-1.09%SOFR3.95%+0.25%VNQ$95.06+1.19%XLRE$43.64+1.09%FED FUNDS3.88%
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Connect CRE · San Diego · Multifamily

Marcus & Millichap Closes Multifamily Sale in San Diego’s College East

Via Connect CRE · September 18, 2026
Compiled by Real Estate Trail Editorial · September 18, 2026

Why this matters

Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. San Diego life sciences vacancy remains the lowest in the major life-science clusters, and multifamily fundamentals continue to be supported by a coastal supply ceiling. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.

Editorial analysis · Real Estate Trail Editorial

On the RET wire

Computed from Real Estate Trail’s own tracked coverage

Excerpt from Connect CRE:
Marcus & Millichap closed the sale of The Molokai Apartments, a 39-unit multifamily property in San Diego. The property sold for $11.2 million, or $287,179 per unit. “The property received a tremendous amount of atten…
Read the full article at Connect CRE →

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