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ALTO’s 27th Exit: ALTO Real Estate Funds and Milan Capital Management Sell a Medical Office Building in San Diego, CA for $17 Million


The partners doubled the equity invested in the transaction

July 13th. 2020.

SAN DIEGO--(BUSINESS WIRE)--ALTO Real Estate Fund and Milan Capital Management have sold Pomerado Professional Plaza – a medical clinic complex in a suburb of San Diego, CA, USA – for approx. $17 million, representing a 5.8% cap rate. The property was sold to a US-based REIT investing in medical properties. The sale price resulted in a doubling of the equity invested in the transaction.

For full press release click here

Newmark Knight Frank Completes the $14.2 Million Sale 

October 17th, 2019.

Newmark Knight Frank (NKF) has completed the $14.2 million sale of 100 South Anaheim, a three-story 50,384-square-foot, multi-tenant office building in downtown Anaheim, CA. The asset is fully leased to nine tenants including MemorialCare, Guggenheim Partners, Arbor E&T (ResCare), Partners Federal Credit Union and Total Paper Services. 

For full press release click here