Nov. 29, 2012

San Diego Real Estate Investment

San Diego real estate prices are often influenced by the city's economics. Investors were given great news last week from Standard & Poor's high triple "A" rating (see release below). If you are looking to invest in real estate in San Diego there are still great deals to be found. We will see prices contiue to go up as the market has been gaining momentum. This will bring more sellers out to sell there homes, creating more opportunities for buyers. Some of our most popular area's are: La Jolla, Coronado, Downtown, Carmel Valley, Mission Hills and Pacific Beach.  

 

Re-Print below from San Diego Treasurere

For Immediate Release: Contact: Tanya Aldaz Duggan

November 21, 2012 Phone: (619) 557-4166

San Diego County Receives Highest Credit Ratings for Investment Portfolio!

Standard & Poor’s Awards County Triple "A"

San Diego, CA… San Diego County Treasurer-Tax Collector Dan McAllister announced today that Standard and Poor’s (S&P) has reaffirmed its triple "A" (AAAf) and "S1" ratings of the County of San Diego’s Investment Pool. The credit ratings are the highest granted by Standard & Poor’s.

"We know Standard & Poor’s carefully analyzes the portfolios they rate and we are proud to receive their highest credit rating for the 12

th year in a row," said McAllister. "It is an honor to receive this credit rating in the current economy. It demonstrates the hard work, commitment and due diligence our team performs daily to manage the investment pool for the taxpayers of San Diego County."

The San Diego County Investment Pool peaked at more than $7.2 billion in April, 2012. The pool is managed for maximum return, while safeguarding principal and maintaining liquidity on behalf of 42 school districts, five community college districts, the San Diego Regional Airport Authority and 48 other special districts and municipalities in the County.

The Treasurer’s investment team has over 103 years of investment experience collectively and adheres to the strict investment policy guidelines adopted for the pool each year by the Board of Supervisors. A 10-member oversight committee comprised of county officials, school district officials, a special district official, and five public members also review and approve the investment strategy annually. To maintain accurate ratings, S&P actively monitors the Pool’s investments on a monthly basis. S&P currently rates more than 400 fixed-income funds in the U.S., including 68 local government investment pools.

 

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