Investment firm New Standard Equities recently purchased a 74-unit, nearly 40-year-old Spring Valley apartment complex for $14 million, with plans to invest more than $1 million in renovations. East County communities have recently seen accelerated apartment property sales activity.

Investment firm New Standard Equities recently purchased a 74-unit, nearly 40-year-old Spring Valley apartment complex for $14 million, with plans to invest more than $1 million in renovations. East County communities have recently seen accelerated apartment property sales activity. Photo by New Standard Equities

The rising cost of buying single-family homes in San Diego County is pushing more people into the rental pool, and that is turning up the pace of apartment rent growth and property deal-making...

Take 1 minute to subscribe and you'll get this story immediately, plus:

Already a subscriber? Sign in

  • 52 weekly issues
  • Subscriber-only digital content every business day, plus full access to SDBJ.com archives
  • Book of Lists — the most comprehensive business resource in San Diego
  • San Diego 500 — influential business leaders you need to know
Yours for only $129