GL Capital Partners Buys Gema apartments in San Diego

Reported Oct 27, 2026 · Source: The Registry

Source: The RegistryRead the full report at The Registry ↗

Deal details

Buyer
GL Capital Partners
Seller
The Green Cities Company
Price
$80M
Size
230 units
Price per unit
$347,826 per unit (our calculation)
Asset class
Multifamily & Mixed-use
Transaction
Sale
Sub-market
San Diego Central (Kearny Mesa / Downtown / Mission Valley)
Metro
San Diego
Reported date
Oct 27, 2026

Summary

Pleasanton-based GL Capital Partners has bought Gema, a 230-unit apartment community on downtown San Diego's Cortez Hill, from The Green Cities Company for $80 million, a price that made it the county's largest multifamily trade of the third quarter and set its per-unit value well above the market average. GL Capital Partners Pays $80MM for Green Cities’ 230-Unit Gema Apartments on San Diego’s Cortez Hill. Source: The Registry.

Summarized from the article; the quoted lines below are from the article itself.

Source: The Registry

Read the full report at The Registry. What the article says:

  • Deal / Price / Size / Buyer
    GL Capital Partners Pays $80MM for Green Cities’ 230-Unit Gema Apartments on San Diego’s Cortez Hill
  • Seller
    Pleasanton-based GL Capital Partners has bought Gema, a 230-unit apartment community on downtown San Diego's Cortez Hill, from The Green Cities Company for $80 million, a price that made it the county's largest multifamily trade of the third quarter and set its per-unit value well above the market average.

Article date: 2026-10-27T12:59:00+00:00

Frequently asked questions

Who bought Gema apartments?
GL Capital Partners bought Gema apartments in San Diego Central, according to The Registry.
How much did Gema apartments sell for?
The reported price is $80M, per The Registry.
Who sold Gema apartments?
The seller was The Green Cities Company, per The Registry.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.