Valley Title Site
This parcel was owned by two entities in a partnership that had no issue resolution or a buy/sell agreement built into the partnership.
01 The Opportunity
This parcel was owned by two entities in a partnership that had no issue resolution or a buy/sell agreement built into the partnership. One original partner was fatigued, so KT Urban bought their illiquid interest and proceeded to start an entitlement and encourage the other partner to sell. In addition, the team had to deal with two partners who were not always in agreement with no clear way to solve issues for both parties.
02 The Results
Pacific Village will help tackle the housing crisis San Diego currently faces and create home owning opportunities for everyday San Diegans, while delivering a number of benefits to the community,” said Kevin Nolen, “This new community will be nearly doubling the moderately-priced housing on the site from 332 to 601, allowing for working families such as police, nurses, firefighters, service members and teachers to own homes in the community they serve, while also offering mortgage and lending options with a wide variety of programs for first-time home buyers.