Investors Aggregate Single-Family Home Portfolios For Rentals
By Sharon Simonson
Two Bay Area companies are trying to amass large portfolios of single-family homes as part of a national thrust by multiple players to create the next class...
Matteson Buys Marin Mixed-Use
By Jon Peterson
A 124-unit apartment complex over a Whole Foods store in Marin County acquired for less than replacement cost by The Matteson Cos. could be converted back to...
Capri Capital Buys San Jose Apartments Far Below Replacement Cost
By Sharon Simonson
San Jose’s strong job growth, the quality of the asset and the attractiveness of neighboring amenities such as the California Theatre led Chicago-based Capri Capital Partners LLC...
First Homebuilder Buys at Bay Meadows
By Sharon Simonson
San Francisco’s Wilson Meany Sullivan has sold its first residential parcel in San Mateo’s Bay Meadows to TRI Pointe Homes. The Irvine-based homebuilder plans to complete its...
CalPERS Sells Vacaville Apartments to Sequoia
By Jon Peterson
The California Public Employees’ Retirement System has sold the 312-unit River Oaks Apartments in Vacaville for $52.4 million on an all-cash basis to Sequoia Equities Inc., a real...
Republic Urban Secures First Financing for San Jose Apartments
By Jon Peterson
Washington, D.C.-based Republic Urban Properties has secured more than $8 million in financing to forward the development of its Meridian apartment complex at 1400 W. San Carlos St....
Apartment Owner Tries Concord Mobile Homes
Sharon Simonson
A Concord mobile home park with 178 spaces has sold for $9.3 million to a private apartment investor looking for yield.
Joel Kelly, a principal with Oakland’s Bay Apartment...
Behringer Harvard Buys Concord Apartments
Jon Peterson
Dallas-based Behringer Harvard has paid $47.65 million in an all-cash deal to acquire The Renaissance apartment complex in Concord along with a neighboring land parcel.
The buyer acquired the...
AIMCO Buys Empty Marin County Apartments
Jon Peterson
Denver-based Apartment Investment and Management Co. has acquired a 126-unit complex in tiny, tony Corte Madera in Marin County.
The nationwide apartment REIT plans a total investment of approximately...
AREA Buys First Bay Area Apartments
Jon Peterson
New York City-based AREA Property Partners, the former Apollo Real Estate Advisors, has paid $59.6 million in cash for a 422-unit apartment portfolio in San Francisco. It is...
