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Asset Near Oracle Commands Premium
A Belmont, CA multifamily asset recently traded hands for a per-unit price of $363,846, further underlining the amount of growth recorded in The San Francisco Bay Area over the past interval. Arranged by Marcus & Millichap representatives Robert Johnston and Adam Levin, who both represented the seller and procured the buyer, the transaction was worth $23.65 million.
SARES-REGIS Acquires San Jose Apartments
SARES-REGIS Multifamily Fund completes its sixth acquisition; Kiser Group brokers the sale of an eight-building, 236-unit Chicago portfolio; and a 112-unit portfolio trades hands in Redwood City, Calif.
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