SAN DIEGO — The Amerland Group, a San Diego-based affordable housing company, has acquired Bay Vista Methodist Heights Apartments in San Diego. The buyer plans to invest more than $8 million to improve and renovate the property. Renovation plans include new appliances, cabinets, countertops, sinks, faucets and windows. Additionally, the company will be implementing an extensive range of social services, such as youth mentoring and tutoring, gang prevention and intervention, food distribution and infant daycare. Built in 1969 by Rev. Grandison Phelps of the St. Paul Methodist Church, the property is the longest-standing public housing apartment building in San Diego and was financed by the U.S. Department of Housing and Urban Development. The seller and acquisition price were not disclosed.
THE AMERLAND GROUP ACQUIRES BAY VISTA METHODIST HEIGHTS APARTMENTS