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

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.