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Robert Leupold Of Acacia Capital Purchases 358-Unit Multifamily Property In Walnut Creek For $190M

Property Image
SOLD
$190,000,000
RL
Frank Arthur

California

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MultiFamily
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SOLD

Robert Leupold Of Acacia Capital Purchases 358-Unit Multifamily Property In Walnut Creek For $190M

101 Pringle Avenue

See Similar Deals
MultiFamily
Sold
RL
Frank Arthur
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 101 Pringle Avenue in Walnut Creek. Acacia Capital acquired the property consisting of 358 units for a total sale price of $190,000,000, resulting in a price per unit of $530,726.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $190,000,000
  • Buyer: Robert Leupold - Acacia Capital
  • Seller: Bradley Blake - Blake Griggs Properties; Frank Arthur - Transit Village Associates
  • Units: 358
  • Price Per Unit: $530,726
  • Date of Transaction: 09/09/2025

CBRE Multifamily Capital arranged a $118,000,000 Fannie Mae loan to finance the acquisition, which replaced a $130,000,000 loan from Mitsui Fudosan America. The deal highlights the involvement of significant industry players, indicating the complexity and scale of the transaction.

Players

RL
Robert Leupold
2 deals$373M volume
BUYER
Frank Arthur
Frank Arthur
1 deal$190M volume
SELLER

Details

SOLD
IMAGE: Bradley Blake & Frank Arthur DATE: 09/09/2025 ADDRESS: 101 Pringle Avenue MARKET: Walnut Creek ASSET TYPE: Multifamily BUYER: Robert Leupold - Acacia Capital SELLER: Bradley Blake - Blake Griggs Properties; Frank Arthur - Transit Village Associates SALE PRICE: $190,000,000 UNITS: 358 ~ PPU: $530,726 NOTE: Acacia Capital bought Waymark, a 358-unit apartment property in Walnut Creek, for $190M from developer Blake Griggs Properties and Transit Village Associates. CBRE Multifamily Capital arranged a $118M Fannie Mae loan to finance the deal, replacing a $130M loan from Mitsui Fudosan America.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$10,133,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$675,029.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$900,696.93
Annual Debt Service$10,808,363.20