Riaz Capital Spends $17.5MM on 72-Unit Alameda Apartment Complex

(EDITOR'S NOTE: The property, located at 544 Central Ave. in Alameda, was sold by an entity affiliated with Santa Clara-based Cambridge Real Estate Group.) Riaz Capital has closed on the acquisition of Del Coronado Apartments, a 72-unit garden-style property in Alameda, marking their latest value-add transaction. Acquired for $17.5M ($244k per unit), this purchase price reflects […]