Peter Pays Paul

Inside commercial hard money lending.

13 Jan

277-Unit Complex In Santa Rosa Sells for $38M

Category: Commercial Real Estate

GlobeSt.com is reporting that Behringer Harvard Buys 277-Unit Complex for $38M in Santa Rosa, CA.

Behringer Harvard Multifamily REIT I has acquired the 277-unit Acacia on Santa Rosa Creek apartments in the third apartment property purchase in California by the Dallas-based apartment REIT in recent weeks.

The buyers believe that the rental demand for Sonoma County is still strong and warrants an acquisition price.

Tags: apartments, California, Commercial Real Estate


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Posted Wednesday, January 13th, 2010 at 2:04 pm
Filed Under Category: Commercial Real Estate
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