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Amoroso Companies Announces Acquisition of Trolley Palm, Strengthening Its Multifamily Portfolio in San Diego, California

Calabasas, CA — Amoroso Companies, a premier real estate investment firm renowned for its diversified real estate portfolio, today announced the successful acquisition of Trolley Palm, a distinguished multifamily community in the vibrant area of La Mesa, San Diego. This strategic acquisition underscores Amoroso’s commitment to expanding its footprint in high-growth markets across the United States.

Located at 4302 Palm Ave, La Mesa, CA 91941, Trolley Palm consists of 75 spacious units that blend contemporary design with comfort and efficiency. The property boasts a variety of amenities aimed at enhancing resident satisfaction and lifestyle quality, making it a standout addition to the Amoroso residential portfolio.

“Trolley Palm is a perfect fit for our expanding portfolio, combining a strategic location with immense potential for value-add enhancements,” stated Joseph Mastronardi, Acquisitions. “We are excited to introduce our management expertise to Trolley Palm and enhance the living experience for its residents, aligning with our mission to manage properties that deliver both investor value and community benefits.”

Trolley Palm benefits from its proximity to major transit routes, shopping centers, and cultural attractions, offering convenient access to downtown San Diego and surrounding employment hubs. This acquisition reflects Amoroso’s strategy of investing in properties that provide a robust living environment as well as strong investment returns.

Amoroso plans to implement a series of enhancements at Trolley Palm, including modernizing unit interiors and upgrading community facilities to meet the high standards of its tenants and stakeholders. These improvements are part of Amoroso’s commitment to sustainability and excellence in property management.

About Amoroso Companies

Founded in 1978, Amoroso Companies is a family-owned real estate firm with over 40 years of experience in owning and managing a diverse array of property types, including multifamily, hospitality, medical office, and self-storage assets. With a focus on strategic asset growth and community development, Amoroso Companies continues to lead with innovation, quality, and integrity.