Boston-based investor GID has scooped up Metro Mission Valley, a 305-unit luxury apartment community in San Diego’s Mission Valley neighborhood. The mid-rise complex, at 5080 Camino del Arroyo, was completed in 2018 and has quickly become one of the area’s high-end rental draws.
Brokerage firm Berkadia handled the sale and identified GID as the buyer, with managing directors Ed Rosen, John Chu and Tyler Sinks of Berkadia La Jolla leading the deal on behalf of the seller. In a press release from Berkadia, Rosen called Metro Mission Valley “a rare opportunity for investors to acquire an exceptionally well-performing asset in the heart of San Diego.”
Property rundown
The community offers a mix of studio, one-bedroom and two-bedroom apartments, wrapped in the kind of tech-forward finishes and resort-style amenities designed to appeal to renters who are choosing apartments over ownership. Those details, along with the 305-unit count, were reported by Connect CRE.
Location and access
Metro Mission Valley sits a short walk from Westfield Mission Valley and within easy reach of Fashion Valley Mall, putting residents next to roughly 2.8 million square feet of retail. The property’s freeway access links tenants to more than 450,000 jobs across the region, according to Berkadia.
GID’s San Diego push
The deal marks another step in GID’s quiet but steady push into the San Diego multifamily market. In July 2024, the firm paid $167 million for Millennium PQ, a 331-unit complex in Rancho Peñasquitos, as reported by Commercial Observer. That earlier buy highlighted GID’s taste for trophy suburban and urban apartment assets across the region…