Edgewood Realty Partners And Greystar Are Selected By Cal Poly Pomona As Co-Master Developers For Lanterman Site 

August 27, 2021

Pasadena, Calif. – A team led by Edgewood Realty Partners and Greystar as co-master developers has been selected by Cal Poly Pomona for the 300-acre Lanterman site in Pomona, CA.  The developers and the University are moving towards an exclusive negotiating agreement, a first step of the development process. 

In response to the University’s stated vision in the request for proposals, the development plan is to include sensitive adaptive reuse of historic resources along with architecturally complementary new ground-up development. Upon completion, the Lanterman site will provide a vibrant mixed-use community that will embody “Work – Live – Learn – Play – Sustainably.”

“Our interest in the Lanterman site is straight-forward. The opportunity to contribute meaningfully to the future success of California’s students pursuing a polytechnic education - and therefore the future of California itself - is irresistible. To do so on a site with such historic significance, and with a tradition of agricultural innovation as well as raw, natural beauty, is perhaps unprecedented. Our team is honored to be selected,” stated Pete Kutzer, Managing Partner of Edgewood.   “We are excited to partner with Cal Poly Pomona on this transformational project, a project that will benefit both the University and broader community,” stated Jared Everett, Managing Director of Greystar University Partnerships.

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Edgewood Realty Partners, LLC is a leading real estate investment and development firm based in South Pasadena, CA. Founded by Pete Kutzer and Joseph P. McNulty, Edgewood specializes in creating innovative commercial and mixed-use environments with an emphasis on thoughtful design, creativity, and collaboration, and is an expert in the adaptive reuse of historic resources. Please visit www.edgewoodrealty.com

Greystar is a leading, fully integrated real estate company offering expertise in investment management, development, and management of rental housing properties globally. Headquartered in Charleston, South Carolina, Greystar manages and operates an estimated $220 billion of real estate in more than 210 markets globally including offices throughout the United States, United Kingdom, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, manages more than 748,000 units/beds, and has a robust institutional investment management platform with approximately $45.1 billion of assets under management, including over $21.3 billion of assets under development. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com.

Media Contact: media@edgewoodrealty.com