Oakland Fund for Public Innovation Acquires 33-Unit Idora Apartments in Temescal for $12.6MM

Nonprofit's purchase from St. Regis Properties at $381,818 per unit marks a rare mission-driven acquisition in a distressed Oakland multifamily market Oakland's multifamily market has been defined in recent quarters by distressed sales, lender foreclosures, and opportunistic investors scooping up apartment buildings at steep discounts. Against that backdrop, a nonprofit organization has stepped in with […]