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Ethos Real Estate Purchases 148-Unit Apartment Complex From Interstate Equities For $67.7M In Sunnyvale

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SOLD
$67,700,000
Marshall Boyd
Adam Siegman

California

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MultiFamily
Sold 03/19/2026
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SOLD

Ethos Real Estate Purchases 148-Unit Apartment Complex From Interstate Equities For $67.7M In Sunnyvale

1180 Lochinvar Avenue

See Similar Deals
MultiFamily
Sold 03/19/2026
Marshall Boyd
Adam Siegman
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

The transaction involved a multifamily asset located at 1180 Lochinvar Avenue in Sunnyvale, which consists of 148 apartment units. The sale price was $67.7 million, equating to approximately $457,100 per unit. The financing for the deal included $50 million sourced from an affiliate of BrightSpire Capital.

Summary of transation details:

  • Property Type: MultiFamily
  • Transaction Amount: $67,700,000
  • Address: 1180 Lochinvar Avenue
  • Market: Sunnyvale
  • Units: 148
  • Price Per Unit: $457,432
  • Buyer: Adam Siegman - Ethos Real Estate
  • Seller: Marshall Boyd - Interstate Equities
  • Lender: BrightSpire Capital

Ethos Real Estate completed the acquisition of The Crossings from Interstate Equities. This transaction reflects a continuous recovery trend in the Silicon Valley multifamily market, particularly near significant employment centers like Apple.

Players

Adam Siegman
Ethos Real Estate
Adam Siegman
3 deals$488.1M volume
BUYER
Marshall Boyd
Interstate Equities Corp.
Marshall Boyd
9 deals$790.2M volume
SELLER
BrightSpire Capital
BrightSpire Capital
LENDER

Details

SOLD
IMAGE: Adam Siegman & Marshall Boyd DATE: 03/19/2026 ADDRESS: 1180 Lochinvar Avenue MARKET: Sunnyvale ASSET TYPE: MultiFamily BUYER: Adam Siegman - Ethos Real Estate SELLER: Marshall Boyd - Interstate Equities LENDER: BrightSpire Capital SALE PRICE: $67,700,000 UNITS: 148 ~ PPU: $457,432 NOTE: Ethos Real Estate purchased The Crossings, a 148-unit apartment complex at 1180 Lochvinar Avenue in Sunnyvale, from Interstate Equities for $67.7 million, or about $457,100 per unit, with $50 million in financing from an affiliate of Brightspire Capital.The pricing exceeds the seller’s 2018 purchase and signals continued recovery in Silicon Valley multifamily values near major employment hubs including Apple.

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