FOR IMMEDIATE RELEASE
July 25, 2011
Sudberry Properties Secures $164 Million in Loans For Five Projects, Including Civita in Mission Valley
Financing Set for Circa 37 Apartment Homes, Plus Retail Centers
In Carlsbad, Eastlake, Santee, and Riverside County
SAN DIEGO: Sudberry Properties, a leading commercial developer in Southern California, today announced a major milestone that will enable it to advance its vision for development in key areas of Southern California. The company has secured more than $164 million in financing for five major properties, four in San Diego County and one in Riverside County.
I would highly recommend Sudberry Properties to anyone seeking [development and management] services for their properties as I am confident they carry out the same quality of service to all properties they develop and manage.
Gregory P. Sorich
Vice President, Pardee Homes