What Sudberry Properties does

Sudberry Properties is a privately-held real estate development and management firm founded in 1979 by Tom Sudberry and headquartered in San Diego, California. The company specializes in master-planned mixed-use communities, with particular technical expertise in transforming environmentally challenging sites — former sand and gravel quarries, mines, and underutilized infill parcels — into integrated urban villages that combine residential, retail, office, hospitality, and entertainment components. Its flagship assets include the 230-acre Civita urban village in Mission Valley (transforming a former quarry), the 465-acre El Corazon master-planned community in Oceanside (selected by the City of Oceanside as commercial master developer), The Watermark in the I-15 corridor, and the recently opened Frontwave Arena, with a commercial portfolio valued at over $2.5 billion.

The company's underlying platform integrates site acquisition, complex entitlement execution, sustainable design (biofiltration systems, natural cooling, ecological restoration), in-house construction management, and vertically integrated property management across both commercial and residential assets. Notable technical differentiators include climate-resilient infill design, walkable pedestrian-oriented master planning, and high-clear-height Class A industrial build-to-suits for anchor tenants such as Ionis Pharmaceuticals.

The business model combines one-time revenue from real estate development (property sales, construction, and development fees), recurring revenue from commercial and residential property management services, and transaction fees from tenant improvement construction management. Go-to-market is sales-led and direct, with institutional equity partners (JLL Capital Markets arranged JV equity for California Crossings), lenders (Pacific Western Bank), municipal counterparties (City of Oceanside), and anchor corporate tenants (Ionis, Amazon, Starbucks, LA Fitness). Customer segments span residential renters, retail tenants, industrial/logistics tenants, hospitality operators, and mixed-use community developers/investors, primarily across San Diego, Southern California, and increasingly Nevada (Henderson West with Sauvage Companies).

Name

Sudberry Properties

Legal name

Sudberry Properties

Website

https://sudprop.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

11–50 employees

Short description

Sudberry Properties is a San Diego-based privately held real estate developer specializing in mixed-use master-planned communities, transforming former quarries and underutilized sites into integrated residential, retail, office, hospitality, and sports venues across Southern California and Nevada.

Ownership category

akta.pro rank

Headquarters

HQ city

San Diego

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain

Revenue model

1. Real Estate Development: Development of mixed-use communities, residential apartments, retail centers, office/industrial facilities, and hospitality properties. Revenue generated from property sales, construction management, and development fees.
2. Commercial Property Management: Management of retail properties including tenant relations, maintenance, accounting, leasing, and marketing services
3. Residential Property Management: Management of apartment communities with leasing, maintenance, marketing, and tenant relations
4. Tenant Improvement Management: Construction management for tenant improvements with time-and-materials billing

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Sudberry Properties is a real estate development and management firm that develops mixed-use master-planned communities, luxury apartment communities, retail and office centers, industrial/logistics facilities, sports and entertainment venues, and limited-service hotels. The company provides end-to-end development services from entitlement and construction through leasing and ongoing in-house property management for both commercial and residential assets, primarily in San Diego County, Southern California, and Henderson, Nevada.

Product overview

Sudberry Properties is a real estate development company specializing in mixed-use communities, residential apartments, commercial properties, sports venues, and hospitality developments throughout Southern California and Nevada. The company's portfolio includes master-planned urban villages (Civita, El Corazon), mixed-use retail districts (The Row at Civita, The Watermark), luxury residential communities (Luma at El Corazon, Purl at Civita, The Brynn at Civita, The Hub at Scripps Ranch), industrial developments (California Crossings, Otay River Business Park), sports and entertainment venues (Frontwave Arena), and hospitality properties (AC Hotel by Marriott, Element Hotel, Hampton Inn, Home2 Suites). The company operates both a commercial property management division and a residential property management division serving its portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Real estate development services End-to-end real estate development including site identification, entitlement, financing, construction, leasing, and disposition of mixed-use master-planned communities, retail, office, industrial, residential, sports and entertainment, and hospitality properties for institutional partners, corporate tenants, and joint-venture investors.
• Commercial property management Ongoing management of retail and mixed-use properties, including tenant relations, maintenance, accounting, leasing, and marketing services for Sudberry's owned commercial portfolio.
• Residential property management Leasing, maintenance, marketing, and tenant relations for Sudberry's portfolio of multifamily apartment communities including The Brynn at Civita, Purl at Civita, Luma at El Corazon, and The Hub at Scripps Ranch.
• Tenant improvement construction management Construction management services for tenant improvement projects, with time-and-materials billing for commercial tenants leasing space in Sudberry-owned properties.
• Civita A 230-acre urban village master-planned community in Mission Valley, San Diego, transforming a former sand and gravel quarry into a mixed-use community with nearly 5,000 homes, approximately 500,000 square feet of retail and office space, and a 250-room AC Hotel by Marriott. Tenants and residents include retail, dining, office, hotel, and luxury apartment components.
• El Corazon A transformative 465-acre multi-phase master-planned mixed-use community in Oceanside, envisioned by the City of Oceanside, featuring residential, retail, offices, green spaces, Frontwave Arena, and the Ionis Pharmaceuticals manufacturing facility.
• The Row at Civita A mixed-use retail district within Civita spanning approximately 300,000 square feet of retail, dining, and entertainment space, 750,000 square feet of office space, up to 500 residential units, and a 136-room AC Hotel by Marriott.
• The Watermark A mixed-use development in San Diego's I-15 corridor featuring 200,000 square feet of shopping, dining, and entertainment, 445,000 square feet of Class A office space, and a 120-room Element Hotel.
• The Brynn at Civita A five-story, 200-unit residential development within Civita offering one- to three-bedroom apartments ranging from 613 to 1,448 square feet, with amenities including a pool, spa, clubhouse, and fitness center. Recognized as CoStar 2026 Impact Award winner for Multifamily Development of the Year.
• Luma at El Corazon A 268-unit luxury apartment community in Oceanside's El Corazon development, featuring one-, two-, and three-bedroom apartments in 23 three-story buildings with a recreation center, pool, and cabanas. CoStar 2025 Impact Award Multifamily Development of the Year.
• Purl at Civita A mixed-use development with 435 luxury apartments and 18,000 square feet of retail space within Civita, featuring resort-style pools, spa, outdoor theater, music lounge, and private practice studio.
• The Hub at Scripps Ranch A mixed-use development in Scripps Ranch with 260 luxury apartments and approximately 11,000 square feet of premier commercial retail space on 9.52 acres.
• Frontwave Arena A 170,000-square-foot indoor arena in Oceanside with 7,500 seats and a 1,500-square-foot outdoor plaza, serving as home to the San Diego Sockers and San Diego Clippers G League basketball team.
• California Crossings A two-building, 449,680-square-foot industrial development in Otay Mesa near the US-Mexico border, featuring 30-32 foot clear heights, 124 dock-high doors, and nine grade-level doors. Leased to Amazon for a distribution facility.
• Henderson West A 103-acre mixed-use development in Henderson, Nevada featuring retail, office spaces, and residences developed in partnership with Sauvage Companies.
• AC Hotel by Marriott at Civita A 136-room European-inspired hotel by Marriott within The Row at Civita, offering elegant design and modern decor with easy access to San Diego trolley stops.
• Element at The Watermark A 120-key boutique hotel within The Watermark mixed-use development, offering a welcoming retreat that merges leisure with sophistication.
• Hampton Inn at Breakwater Town Center A 100-guestroom hotel in Imperial Beach at Breakwater Town Center, featuring beach-modern architecture with fitness center, breakfast area, business center, and swimming pool. Operated by Tharaldson Hospitality Management under the Hilton brand.
• Home2 Suites by Hilton at Imperial Beach An 83-room extended-stay hotel in Imperial Beach adjacent to the Hampton Inn, featuring contemporary accommodations and customizable guest room design with an on-site health and wellness spa.

Quantifiable outcome

• Developed over 5.4 million square feet of retail destinations
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and major.

• LA Clippers / San Diego ClipperscoreStrategic or Co-development Partner · 14 March 2024LA Clippers G League team relocated to Frontwave Arena, rebranded as San Diego Clippers. Partnership bringing professional basketball to Oceanside's El Corazon development.
• San Diego SockerscoreStrategic or Co-development Partner · 27 May 2021Partnership between San Diego Sockers, Sudberry Properties, and private ownership group for development of Frontwave Arena - a 170,000-square-foot sports and entertainment venue in El Corazon, Oceanside. The arena hosts San Diego Sockers home games and other sporting/entertainment events.
• Sauvage CompaniescoreStrategic or Co-development PartnerSauvage Companies partnered with Sudberry Properties to develop Henderson West, a 103-acre mixed-use community in Henderson, Nevada. Sudberry serves as development partner for this Mohave Desert project.
• Grant FamilycoreStrategic or Co-development PartnerLong-term partnership with Grant family who has owned the former quarry property since early 1900s. Jointly developing Civita, the 230-acre master-planned urban village in Mission Valley.
• City of OceansidecoreStrategic or Co-development PartnerSudberry Properties selected as master developer of commercial portion of El Corazon, a 465-acre city-owned mixed-use development. Partnership includes development of Frontwave Arena and residential communities.
• Ionis PharmaceuticalscoreStrategic or Co-development PartnerSudberry Properties developing and constructing approximately 217,000-square-foot chemistry and manufacturing facility for Ionis at El Corazon. Ionis will design custom improvements and lease for 20 years with renewal options.
• Tharaldson Hospitality ManagementmajorStrategic or Co-development PartnerPartnership with Tharaldson for development and operation of Hampton Inn & Suites at Breakwater Town Center in Imperial Beach. Tharaldson operates hotel under Hilton franchise.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• AvalonBay Communities: National multifamily REIT that develops, acquires, and manages Class A apartment communities, including California markets. Comparable on luxury rental product positioning and active development pipeline.
• Essex Property Trust: West Coast multifamily owner-operator focused on California. Directly comparable on luxury apartment ownership in supply-constrained coastal California submarkets, though Essex is publicly traded and primarily an owner rather than developer.
• JPI: Multifamily developer with deep construction, development, and property management operations across the western US. Comparable on luxury apartment pipeline, integrated operations, and similar unit economics on multifamily product.
• Shea Homes: Long-established Southern California homebuilder and master-planned community developer. Comparable on residential development pipeline, SoCal market focus, and family-controlled governance structure.
• FivePoint Holdings: Master-planned community developer in California (Great Park Neighborhoods in Irvine, Valencia). Closest direct comparable to Sudberry on large-scale, mixed-use master planning with residential, commercial, and civic components.

Broad incumbents

• The Related Companies: National developer of large-scale mixed-use and master-planned communities including Hudson Yards and CityCenterDC. Comparable on urban infill master planning, mixed-use programming, and public-private partnerships.
• Lennar Corporation: One of the largest US homebuilders with significant Southern California multifamily and mixed-use operations through LMC. Comparable on residential and mixed-use development pipeline, though operates at materially larger national scale.
• Brookfield Properties: Global real estate developer and operator of office, multifamily, retail, and mixed-use assets. Comparable on mixed-use master planning at scale and integrated property management, though materially larger and more diversified than Sudberry.

Regional players

• Douglas Emmett: LA-focused REIT owning and operating Class A office and multifamily properties. Comparable on coastal California office and luxury apartment exposure, though focused on operating stabilized assets rather than ground-up development.
• Kilroy Realty: San Francisco and Los Angeles focused office REIT. Comparable on Class A office product in California coastal submarkets and exposure to SoCal tenant base, though does not engage in residential or master-planned development.

Market position

Strengths2 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sudberry Properties