A series of multifamily portfolio transactions involving Fuller Enterprises, MLG Capital and Virtú Investments highlights how Section 721 exchanges and evergreen fund structures are increasingly being used to unlock liquidity, manage tax exposure and transition stabilized properties in California's East Bay.
Section 721 exchanges and evergreen funds drive East Bay multifamily transactions
Fuller Enterprises adds 290-unit Castro Valley apartment portfolio to buyer's legacy fund
By Zahra Ihsan with
February 19, 2026 | 9:06 P.M.
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IN THIS ARTICLE
- Properties
- Summerhill Terrace Apartments
15267 Hesperian Blvd, San Leandro, CA
- Bayfair Apartments
16077 Ashland Ave, San Lorenzo, CA
- Coral Gardens
601 Sorenson Rd, Hayward, CA
- Quail Hill
20800 Lake Chabot Rd, Castro Valley, CA
- Mountain View Apartments
1220 Monument Blvd, Concord, CA
- Companies
- MLG Capital
Real Estate
- Fuller Enterprises
Real Estate
- FPI Management
Real Estate
- Virtu Investments
Real Estate
- Contacts
- Billy Fox
Principal and President, MLG Asset Management LLC
- Doug Smith
President, CEO, Fuller Enterprises