A waterfront apartment complex in the East Bay has traded hands in one of the priciest multifamily deals of the year. Yet, rather than capitalize on the region's accelerating rents, its new owners plan to stick to their goal of helping to address the Bay Area's shortage of middle-income housing units.
Public-Private Partnership Plans To Convert East Bay Apartments Into Middle-Income Housing
Catalyst Housing, State Housing Agency Buy Exchange at Bayfront Apartments for Record Sum
By Katie Burke
CoStar NewsSeptember 9, 2021 | 10:39 P.M.
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IN THIS ARTICLE
- Properties
- The Exchange at Bayfront
2525 Bayfront Blvd, Hercules, CA