San Diego is benefiting from the shift of capital from gateway cities into secondary markets as institutional investors seek less expensive, higher-yielding properties. “With investors starving for yield, we are starting to see capital shift into a more diverse range of recovering markets that are still 12 to 18 months away from their true recovery cycle,” said Matt Root, ceo of San Diego-based Parallel Capital Partners.

This phenomenon is affecting transaction volume in the city, which saw about $1.2 billion of deals completed last year. Although 2013 began slowly, the pace picked up in....

The content you are trying to view is restricted for Real Estate Finance Intelligence
subscribers.

To continue reading, please log in using the login box in the upper right corner of this page,
 subscribe or take a free trial.

Subscribe

Start your Real Estate Finance Intelligence service today for full access

Subscribe

Free Trial

Not ready to subscribe?

Register today for a free trial.

Free Trial