SAN DIEGO, CA — July 30, 2025 — San Diego-based SDRE has secured $150 million in financing to address San Diego’s significant housing shortage. Marking one of the largest real estate investments in San Diego in recent years, this financing highlights San Diego’s appeal as a high-growth market, attracting significant capital to meet the city’s pressing housing demands. The financing is being provided by funds managed by affiliates of Fortress Investment Group.
With a rapidly growing population, San Diego’s housing market offers a compelling opportunity for real estate investors. SDRE will use the financing for projects delivering nearly 1,000 new units in 2025 with plans to reach 2,000 units by 2026. As of June 2025, rents are up 4.1% across San Diego County, with the city itself experiencing a 9.3% spike compared to last year, according to a survey released by the Southern California Rental Housing Association. SDRE serves a diverse range of consumer needs, including much needed housing for middle-income families and potential residents ranging from young professionals to veterans and retirees.
“Our planned investment in San Deigo is a vote of confidence in the growth potential of the city’s housing sector,” said Christian Spicer, CEO of SDRE. “We’re creating an unparalleled opportunity to address the housing shortage while creating long-term value.”
The construction of new affordable housing units is projected to stimulate economic growth across the region, creating construction and property management jobs while driving demand for local businesses and setting the stage for further investment in the city’s infrastructure. SDRE’s plans will exponentially increase the supply of new and attainable homes in San Diego, coming at a pivotal time for the current housing market, and advancing San Diego’s future as a thriving community committed to sustainable growth.