Cushman & Wakefield NorCal Advises On Sale & Purchase of $42,500,000 Apartment Complex in Suisun City

Cushman & Wakefield Northern California Multifamily Advisory Group, Suisun City, FPA Multifamily, Security Properties, New York Life Real Estate Investors, San Francisco Bay Area, Sacramento Region, Napa Valley

Northern California, October 12, 2017 – The Cushman & Wakefield Northern California Multifamily Advisory Group, has advised on the sale of The Henley Apartment Homes, a
240-unit, garden style apartment community located in the waterfront community of Suisun City, California.

Senior Director Jason Parr of Cushman & Wakefield represented both the seller (FPA
Multifamily) and the buyer (Security Properties Inc. /New York Life Real Estate Investors)
in the $42,500,000 transaction.

The 196,600 SF Henley Apartment Homes is comprised of 20 buildings and was
completed in 1985 and partially renovated in 2007 and 2016 representing a continued
value-add opportunity for investors. The property, located at 311 Sandy Lane, Suisun City,
CA is less than 3 miles from Interstate 80, provides strategic access to the entire San
Francisco Bay Area, Sacramento Region, and the world renowned Napa Valley.

According to Jason Parr: “The Henley benefits from a strategic central location less than 25
miles to the East Bay and to Napa Valley and 40 miles to San Francisco. With the cost of
living continuing to increase in the core Bay Area, renters are seeking lower cost living
options within a short a commute to work. The Henley provides an excellent balance of
high quality living with a short travel time to major employment centers”.

“The new owner plans to execute a value-add strategy to include the installation of washer
& dryers in all units. The revenue upside from adding washer & dryers has been proven in
the immediate submarket and should result in a healthy increase to the Henley’s NOI,”
said Parr.

About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit, or follow @CushWake on Twitter

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