CedarSt Lands $80M for San Diego Multifamily Project
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
- The 35th San Diego story tracked on the wire in August 2026. All San Diego coverage →
- Disclosed multifamily deal value tracked in August 2026: $16.3B across 159 reported transactions. All Multifamily coverage →
Computed from Real Estate Trail’s own tracked coverage
CedarSt Companies has secured $80 million in construction financing for a 197-unit apartment development in San Diego’s North Park neighborhood. CrossHarbor Capital Partners provided the three-year, floating-rate stre…
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