CalSTRS Sells Canyon Rim Apartments for $225MM in San Diego, Achieving Strong Returns

In a notable transaction that highlights the strength of San Diego’s multifamily market, the California State Teachers’ Retirement System (CalSTRS) has sold Canyon Rim, a 504-unit garden-style apartment community, for $225 million in Q2 2024, according to the pension fund’s Investment Committee’s Semi-Annual Activity Report from June 2024. Acquired by CalSTRS in 2020, the sale […]