FOR IMMEDIATE RELEASE
Contact: Sydnie Moore (619) 823-8488 moore2com@gmail.com
San Diego Private Equity Firm Partners with Lanshire Housing on 21-home Community
SAN DIEGO (January 18, 2016) – San Diego-based private equity firm Pathfinder Partners, LLC and developer Lanshire Housing Partners, LLC will hold the grand opening for their recently completed Bahia Vista Townhomes – a 21-unit community in Chula Vista’s up-and-coming Marina District – Saturday, January 23. The event will be held from 11 a.m. to 3 p.m. and includes a catered gourmet taco lunch and live music.
To date, 11 units have been sold and 10 remain available for purchase. The remaining townhomes are a mix of three- and four-bedroom units priced from $389,900.
Pathfinder, which specializes in opportunistic real estate investments, acquired the one-acre parcel in 2013 and completed construction this past December. The project is comprised of four, three-story Mediterranean style townhome buildings – with 13 three-bedroom/three-bathroom units and eight four-bedroom/three-bathroom units, ranging from 1,600 to 1,800 square feet. Each unit features a private front entryway, a balcony and a direct access, two-car garage.
The community features a common area with a secured gated entrance, guest parking, a paved trail encircling the perimeter, an open park with a “tot lot,” barbecue and seating areas. Units feature vinyl wood plank and ceramic tile flooring, nine to 10 foot elevated ceilings throughout, recessed lighting, a tankless water heater, wood blinds, high-end carpeting and contemporary kitchens with energy-efficient, stainless steel appliances, solid wood cabinetry and custom quartz countertops.
“We were drawn to this neighborhood for a number of reasons,” said Pathfinder Partners’ co-founder and senior managing director Lorne Polger. “The area is undergoing rapid redevelopment driven by Chula Vista’s Bayfront master plan, which is poised to transform more than 550 acres of underused industrial property into a residential and resort destination.” Additionally, Polger said, the property is located less than a mile from the coastline, just one block from the freeway entrance and one-half block from the Palomar trolley station. Bahia Vista is also minutes away from entertainment venues, including Broadway Plaza, Knott’s Soak City water park and Sleep Train Amphitheatre.
The townhomes are being marketed and brokered by The Blu Summit Real Estate Group. For more information, visit bahiavistatownhomes.com or call 800-207-4719.
About Pathfinder Partners, LLC
Headquartered in San Diego, California, Pathfinder Partners was founded by Lorne Polger and Mitch Siegler in 2006 to invest in distressed, opportunistic and value-add real estate. Since inception, Pathfinder has acquired or sold about $1 billion in assets. In addition to seeking opportunities to add value by providing liquidity to selling financial institutions, liquidating funds and long-standing owners, Pathfinder also seeks to maximize value through property enhancements, improvements in operations and marketing, property repositioning and other strategies in addition to ground-up residential and multifamily development. For more information, visit www.pathfinderfunds.com or contact Lorne Polger at lpolger@pathfinderfunds.com or (858) 875-4450.
About Lanshire Housing Partners, LLC
Lanshire Housing Partners has been renovating and developing quality luxury and affordable multifamily housing since 1995. Lanshire, headquartered in southern California, specializes in developing small to mid-size infill communities and building with an extremely high level of detail. For more information, visit www.lanshirehousing.com or contact Michael Kootchick at (619) 804-3417.