Olympus Property and Artemis Real Estate Partners Acquire 360-Unit Broadstone Corsair in San Diego

SAN DIEGO, CA - Olympus Property and Artemis Real Estate Partners are announced the closing acquisition of their 7th multifamily investment, Broadstone Corsair, in San Diego, California. The property is being renamed Olympus Corsair effective immediately.

Olympus Corsair is located in San Diego's Kearny Mesa neighborhood, which is one of the city's largest employment centers and strongest rental markets. Olympus Corsair is one of the nicest multifamily projects within the San Diego metroplex, featuring high-end, Class "AA", condo quality finishes such as quartz and marble counters, stainless steel appliances, 5 burner stoves and wood plank flooring across the 360 units of luxury apartment homes and a next-level, high end hospitality designed, amenity package to create a resort-inspired living experience.

"We are pleased to be acquiring Olympus Corsair, one of the best designed luxury multifamily properties in Southern California. Our business began in California and Olympus is proud to continue our growth in the beautiful city of San Diego," said Chandler Wonderly, Principal of Olympus Property.

Olympus Corsair features an unparalleled amenity package and is the only LEED Gold Certified market-rate apartment community in San Diego. On-site amenities include a resort style pool with poolside cabanas inset with outdoor TVs, an indoor golf simulator room, a two-story, fitness center with reclaimed parquet wood flooring and a private yoga/dance studio, a clubhouse with demonstration kitchen, library and wet bar, green living wall and a stunning array of seven outdoor courtyard social spaces.

"Southern California is one of our top target markets for long-term core multifamily investing.  Fundamentals are strong with steady job and population growth and unusually high barriers-to-entry, which, we believe, should drive above average operating performance and long-term value appreciation.  Over time, we intend to aggregate a portfolio of high quality, core multifamily properties, similar to Corsair, in Southern California," said Rich Banjo, Managing Principal at Artemis.