AAA Management Secures $120M Refinancing for 302-Unit Elowen Multifamily Community on Aero Drive in San Diego
AAA Management has secured a $120 million refinancing loan for Elowen, a 302-unit multifamily community located at 8555 Aero Drive in San Diego, according to an announcement published June 8, 2026. Affinius Capital provided the loan in a deal arranged by JLL.
Deal Details
The transaction involves the 302-unit Elowen multifamily community serving as the collateral for the $120 million loan. Affinius Capital acted as the lender, while JLL arranged the financing on behalf of borrower AAA Management. Additional terms of the loan — including interest rate, loan-to-value ratio, maturity date, and whether the refinancing was cash-out or a straight takeout — were not disclosed.
The deal was first reported by Multi-Housing News and highlighted by Kidder Mathews as part of its commercial real estate news coverage.
About the Property
Elowen is situated at 8555 Aero Drive in San Diego, California. The property comprises 302 residential units. Details regarding the community's year of construction, renovation history, occupancy rate, square footage, or unit mix were not included in the available source material.
Firms Involved
AAA Management served as the borrower and property owner in the transaction. JLL arranged the financing. Affinius Capital provided the $120 million loan.