Apartment

Dylan Point Loma

San Diego, CA

Acquired August 2016

At a Glance

This property sets a new standard for luxury living with designer-selected, resort-inspired amenities including townhome residences with attached garages, a community clubhouse and resort-style pool.

Investment Rationale

  • A newly developed, 180-unit luxury coastal apartment community that is walking distance from the Pacic Ocean.

  • Located in San Diego’s Point Loma submarket where apartment vacancies are at 2%, compared to San Diego’s 2.5%. San Diego is perennially among the most supply constrained apartment markets in the U.S. where vacancies have averaged below 4% in the past ten years, compared to the national average apartment vacancy of 5.5%.

  • Point Loma is a ‘Millennial Magnet’ neighborhood, where over 30% of the population within three miles are between the ages of 20 and 34 years old.

  • Property is a good fit with JLL Income Property Trust’s ‘lease to core’ approach to apartments of acquiring at completion of development and managing the property’s lease-up.

Property Gallery

Location

Dylan Map2