Legacy Homes Acquires Multifamily Property In Tracy For $86.2M

Legacy Homes, led by Gary Mancebo, has closed a transaction for a multifamily property located at 2725 Pavilion Parkway in Tracy. The property consists of 348 units and was acquired by Legacy Homes for an undisclosed price. The deal was facilitated by brokers Cody Field, Todd Vitzthum, and Simon Herrmann from Greystone.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: Undisclosed
• Loan Amount: $86,200,000
• Loan Terms: 10-year
• Units: 348
• Market: Tracy

The successful acquisition of the multifamily property was made possible through a loan of $86,200,000 with a term of 10 years. Legacy Homes, spearheaded by Gary Mancebo, seized the opportunity to expand its real estate portfolio. Cody Field, Todd Vitzthum, and Simon Herrmann from Greystone expertly represented Legacy Homes throughout the transaction, showcasing their prowess in the real estate market.