2024 Recap: A Banner Year for Atlas West Group

AWG has had its best year yet! We completed $35 million dollars of projects, spanning eight communities. Further, we have eight projects under construction and an additional 10 communities in our pipeline for 2025. We closed out 2024 with a $100 million portfolio and are on track to surpass $150 million by year end 2025.

We are proud to reflect on a year that exceeded all expectations for Atlas West Group. We started less than four years ago with a single lot and a bold vision for urban infill development in San Diego. AWG is now one of the region’s most dynamic and influential multifamily builders.

Last year, we achieved incredible milestones, created significant value for our investors, and delivered much-needed housing solutions for San Diego’s "missing middle" housing market.

Here’s a look at what we accomplished in 2024:

2024 BY THE NUMBERS

Properties Purchased:

  • - 5 Properties, 50 units

  • - $6 million total purchase value

  • - $23 million in market value

Construction in Progress

  • - 8 Properties, 66 Units

  • - $28 million invested

  • - $37 million completed market value

Project Completions

  • - 8 Properties, 57 Units

  • - $24 million invested

  • - $35 million in market value created

More Highlights from 2024:

Ribbon Cutting with Councilmember Vivian Moreno

Councilmember Vivian Moreno joined AWG to celebrate the completion of one of our latest multifamily communities in South San Diego. This milestone underscores the importance of partnerships in bringing impactful housing solutions to life.

Innovative ADU Program Unveiled

AWG CEO, Daniel Shkolnik, highlighted a groundbreaking ADU (Accessory Dwelling Unit) program in the City of San Diego at this year’s inaugural ADU conference in Orange County, paving the way for more efficient and affordable housing options. This initiative reflects our focus on meeting housing needs through creative solutions.

Mayor Todd Gloria Tours New Atlast West Community

“I’m really excited about what I’m seeing here, because what I see is opportunity,” San Diego Mayor Todd Gloria said while touring a new Atlas West community with CEO Daniel Shkolnik. “Opportunity for more folks to be able to live in our city at a price they can afford … this gives people hope, a real sense that change is coming, and that there is a future for them here in this city.”

Thank you for your continued support and collaboration. Together, we’re building more than homes—we’re building communities that strengthen San Diego for generations to come.

Atlas West Group has a successful track record and continues to grow. As our company expands, we welcome additional capital partners.

Here’s to even greater achievements in 2025!