Willowick Residential to Manage San Francisco Apartments

Located in SoMa, the community will be the Hines subsidiary's first assignment in the West.
33 Tehama. Image courtesy of Hines

Hines has appointed Willowick Residential to manage a 278,000-square-foot project located at 33 Tehama St. in San Francisco. Dubbed 33 Tehama, the community was completed in 2018 and is owned by a partnership between Hines and Invesco Real Estate.

The 35-story project, situated in San Francisco’s South of Market neighborhood, features one- and two-bedroom floorplans, as well as two-bedroom penthouse apartments. The property’s affordable component consists of 56 units, according to Yardi Matrix data.

Community amenities at 33 Tehama include a wellness spa, a rooftop solarium, a resident library, a bocce court, a pet spa, an on-site concierge and an Amazon package locker system. The property also boasts 1,800 square feet of ground-floor retail and is within walking distance of several shopping and dining options.

33 Tehama is a five-minute walk from the Transbay Transit Center, a central hub that provides train and bus service to the North and East bays, Silicon Valley and San Jose. The community is also less than a half-mile from Interstate 80.

In early August, Hines elected Willowick Residential as property manager for The Emerson, a 355-unit community in Centreville, Va. Hines Global Income Trust acquired the asset from JLB Partners for $117 million in January 2020, Yardi Matrix data shows.