Updated Apr 9, 2026
Robert Leupold Of Acacia Capital Purchases 358-Unit Multifamily Property In Walnut Creek For $190M
101 Pringle Avenue
$190,000,000
Units
358
Asset Type
MultiFamily
Closing
Sep 9, 2025
About this deal
AI
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.
On the Map
$190,000,000
MultiFamily
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Players
Walnut Creek MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93