San Francisco
San Francisco Multifamily Report – Spring 2019
Rebounding rent growth boosted investor appetite in the metro, with $2.2 billion in multifamily assets trading in 2018.
Calvera Partners Expands Value-Add Portfolio
The company has acquired a vintage property in Alameda, Calif. The acquisition is part of its strategic investment plan to reposition old buildings.
Affordable KTGY-Designed Property Opens in the Bay Area
Pauline Weaver Senior Apartments includes 90 units. Eden Housing is the developer of the age-restricted community in the Warm Springs area of Fremont, Calif.
San Mateo Community Sells for $26M
Marcus & Millichap’s Levin Johnston arranged the sale of the 38-unit property located within two miles of downtown.
Gemdale, Blake|Griggs Break Ground on Berkeley Community
The joint venture has started the construction of Blake Street Apartments, an 84-unit transit-oriented development located near the city’s downtown.
$320M San Francisco Project Gets Capital Infusion
Stockbridge Capital Group is reportedly investing $130 million of equity into 1629 Market St., a fully entitled, 420-unit development that will offer a mix of affordable and market-rate.
Palo Alto Housing Breaks Ground on $42M Project
As the Bay Area residential crisis rolls on, the developer will bring 67 much-needed affordable housing units to Redwood City.
San Francisco Multifamily Portfolio Receives $600M Loan
Natixis served as the lead arranger and administrative agent on the transaction secured for a partnership of two pension funds and a local operator.
Walker & Dunlop Arranges $16M Loan for Affordable CA Asset
Bridge Housing is building a 68-unit property in San Mateo, dubbed Bay Meadows Apartments, that is scheduled for completion in June 2020.
Reliant Group Pays $116M for Bay Area Portfolio
The deal includes more than 600 workforce housing units spread across seven properties. The new owner plans to convert four of the assets into affordable housing communities.