CEDARst Announces Residential Development Project Planned for San Diego's North Park and Hillcrest Neighborhoods

CEDARst | April 01, 2022

CEDARst Companies, a leading multifamily developer, announced plans to bring a new ground-up residential development to San Diego's historic North Park and Hillcrest neighborhoods.

We are thrilled to bring our distinct brand of apartments to one of the best submarkets on the west coast. We believe our high-quality and fairly priced apartments will be a fantastic new option for residents of these historic neighborhoods."

Will Murphy, Managing Partner and CEO, CEDARst
4135 Park Blvd. is expected to break ground later this month and open its doors 24 months after construction begins. The 205,000 square foot, $74.4 million project includes a 7-story midrise building that will offer a wide range of amenities, including a café, fitness center, spacious lounge, game room, and exterior deck with a pool, hot tub, cabanas, and communal kitchen.

4135 Park Blvd. is in a Qualified Opportunity Zone and is one of several CEDARst properties under contract in the San Diego region.

"Opportunity Zones have opened up a unique chance for firms like CEDARst to develop high-quality apartments with top in class amenities at an affordable price point," said Murphy. "We're excited to work in such a dynamic community and look forward to expanding our footprint here in San Diego in the months and years ahead."

Bridge Investment Group is an equity partner in the 190-unit project and BMO Harris Bank is the project lender. Construction will be managed by general contractor Suffolk Construction, and the project's architect is Studio E.

"We are pleased to continue our partnership with CEDARst in a market like San Diego," said David Coelho, Chief Investment Officer of Bridge Investment Group's Opportunity Zone Funds. "The project fits well within Bridge's mandate to focus on multi-family, transit-oriented developments as an avenue to revitalize underserved communities by investing in building sustainable neighborhoods."

CEDARst applies an innovative approach to residential developments with a focus on enhancing resident lifestyles and surrounding communities. Nationally, the firm has amassed a growing portfolio of distinguished and high-quality residential projects, spanning seven states across the country, with a unit count in excess of 5,000.

About CEDARst
CEDARst Companies is a fully integrated multifamily developer headquartered in Chicago Illinois. With over 50 years of combined experience, CEDARst applies a vertically integrated approach to the development of residential assets. CEDARst's $2 billion portfolio is comprised of more than 5,000 units, offering high quality apartments and a luxury experience at an approachable price point in markets across the country.

About Bridge Investment Group
Bridge is a leading, vertically integrated real estate investment manager, diversified across specialized asset classes, with approximately $36.3 billion of assets under management as of December 31, 2021. Bridge combines its nationwide operating platform with dedicated teams of investment professionals focused on select U.S. real estate verticals: residential rental, office, development, logistics properties, net lease and real estate-backed credit.


We are a vertically integrated organization dedicated to the development, design, construction, management, and long-term ownership of inclusive living communities throughout Costa Rica.

Our mission is to build resort-style living communities that value all its members and help them to meet their basic needs so that they can live with dignity, engage actively, and contribute to their community.


We are a vertically integrated organization dedicated to the development, design, construction, management, and long-term ownership of inclusive living communities throughout Costa Rica.

Our mission is to build resort-style living communities that value all its members and help them to meet their basic needs so that they can live with dignity, engage actively, and contribute to their community.

Related News


Rently Updates App to Expedite Smart Home Installation

Rently | January 12, 2023

Rently, the industry leader in self-touring and smart home technology solutions, recently introduced a new feature on its Smart Home App. This new feature will assist technicians in accelerating the installation process using automated tools. It will also enable property managers to receive real-time notifications about successful smart home activations. Installers can now easily verify their identity and begin the installation process using Rently's Smart Home App. The app also provides stepwise instructions, guiding the installers through the entire process. This removes the need to call technical support to activate devices, which leads to significant time savings. Merrick Lackner, the CEO of Rently, states, "Rently recognizes the critical role that installers play in the deployment of smart home technology." He further added, "By eliminating the requirement for installers to contact intermediary technical support teams—just to verify device testing and activation—we hope to save them time, facilitate their projects, and make it easy for them to report their success to managers who receive these real-time updates on their Rently desktop portal." (Source: PR Newswire) Communications between smart home technicians and managers can now be synchronized using Rently's app. This will help save time and eliminate the uncertainty faced by property managers, who would otherwise have to wait for tenants to confirm if their smart home devices are working correctly. About Rently Based in Camarillo (California), Rently is a premier provider of self-touring and enterprise smart-home platforms. The company, established in 2011, serves single-family and multi-family operators. The platform provides convenient and cost-effective solutions to optimize and automate leading, collaborating with over 3,500 operators and enabling more than 15 million self-tours. In addition, Rently's enterprise smart-home vertical allows keyless self-tours, optimization of resident access, monitoring of units, and reduced utility costs from anywhere in the world.

Read More


Origin Investments Expands Kovitz Investment Group’s Private RE Offerings

Origin Investments and Kovitz | January 09, 2023

Focus Financial Partners Inc., a leading partnership of independent, fiduciary wealth management firms, recently announced that it entered into a definitive agreement enabling Origin Holding Company, LLC, a Chicago, IL-based private real estate fund manager, to join forces with Focus partner firm Kovitz Investment Group Partners, LLC. The firm will continue to provide its real estate funds under the Origin brand while retaining its leadership and investment team. The deal is anticipated to conclude in the first quarter of 2023, subject to the fulfillment of customary closing conditions. Origin is a prominent manager of private real estate funds specializing in multifamily residential assets. The company manages multifamily property funds to provide investors with tax-efficient income, capital appreciation, and portfolio diversification. Its funds have more than 3,000 individual investors, many of whom were referred by other high-net-worth organizations. Its performance places them in the top decile of 2022's best private real estate fund managers, according to Preqin, an alternative investing data provider. This strategic transaction will significantly expand the footprint and scale of Kovitz's private real estate fund solutions for clients, building on the company's long history of real estate investing success. Through this agreement, Kovitz will make its operational capabilities and wealth management know-how available to Origin and its investors. Meanwhile, Berkshire Global Advisors served as Origin's primary financial advisor in this transaction. David Scherer, Co-CEO of Origin, concluded, "In evaluating strategic partners, our objectives were to preserve and promote the continuity of our well-established brand while also gaining access to additional resources to help us better serve our funds' investors and grow our business." About Origin Investments Origin Investments provides best-in-class real estate solutions to HNWIs, family offices, and RIAs. It manages multifamily real estate developments in fast-growing U.S. markets. Since 2007, the company has accomplished $2.5 billion in real estate transactions, while its principals have invested $60 million. Alternative investment data source Preqin says that the company's performance is in the top 10% of the world's best private real estate fund managers. About Kovitz Kovitz Investment Group Partners, LLC (Kovitz) is an SEC-registered investment adviser that serves individual and institutional customers. It connects HNWIs, institutions, and financial professionals to asset management and advising methods. It offers long-term investing options backed by rigorous research. The organization approaches financial planning and wealth management as active activities, helping clients make the right decisions.

Read More


Avalara Creates Automated Property Tax Compliance Solution

Avalara | February 24, 2023

On February 23, 2023, Avalara, a software development company dedicated to the real estate sector, announced the launch of its new digital business solution, Avalara Property Tax, for real and personal property tax management, enhancing tax compliance with cloud-based automation. This solution would assist accounting and businesses professional in managing their complete property tax portfolio and compliance activities. In addition, it supports their activities like preparation of business personal property renditions, procession and handling of tax bills, assessments, and appeals. There is a necessity for a more flexible and customizable solution for businesses, especially with in-house property tax compliance. Its solution helps the huge workloads with the SaaS facility of a secured central hub for property tax compliance operations over real and personal property. It facilitates the tax data like tax bills and assessments in the mail platform from various jurisdictions. It scans documents in a single secured platform with accuracy and automation to the selected account. In addition, it offers due date tracking, a feature created to avoid late payment penalties as it is difficult to assimilate due dates, discount opportunities, terms, and conditions separately. EVP and GM of Indirect Tax, Avalara, Jayme Fishman, said, “Today, property tax is one of the most challenging business compliance activities. This challenge is due to the complexity of preparing personal property returns and the downstream implications of assessments and tax bills for real and personal property. Further complications arise from many jurisdictions having different due dates and terms, varying state depreciation schedules, and getting data out of client systems to feed into the process.” He added, “Our new property tax software solution follows our core mission of making taxes less taxing by offering businesses and accountants a more effective way to manage their property tax compliance and reduce errors while saving valuable time and money.” (Source – Business Wire) About Avalara Headquartered in Seattle, Washington, Avalara, a cloud-based tax compliance solutions provider for businesses, offers sales tax automation and compliance services, tax return filing services, e-commerce integrations and exemption certificate management. Founded in 2004, it gives robust cloud-based solutions for tax compliance automation with efficiency and accuracy in real-time scenarios across the United States and worldwide. It delivers services for over 30,000 customers, and about 1,400 signed partner integrations for EPR, accounts, e-commerce, POS, CRM systems, and recurring bills of business applications. In addition, it supports tax transactions like sales, usability, excise, communication, lodging, VAT, GST, and indirect taxes.

Read More