An investor in one of the nation's most expensive housing markets shelled out $49 million to buy an apartment property but, rather than capitalize on the area's growth and high rent increases, this atypical buyer is planning to make the rentals more affordable.
Investors Buy San Francisco Area Apartments With Unusual Plan: Lower the Rents, Not Raise Them
Livermore, California, Multifamily Complex Trades Hands for Deep Discount
By Katie Burke
CoStar NewsAugust 18, 2020 | 11:05 P.M.
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IN THIS ARTICLE
- Properties
- The Arbors
3550 Pacific Ave, Livermore, CA
- Serenity at Larkspur
700 Lincoln Village Cir, Larkspur, CA
- Verdant at Green Valley
3900 Business Center Dr, Fairfield, CA
- Annadel Apartments
1020 Jennings Ave, Santa Rosa, CA
- Companies