Avanath Capital Management Acquires Multifamily Property On University Ave. In Berkeley For $25.3M

The multifamily property located at 1370 University Ave in Berkeley was recently sold in a transaction. The sale took place on 08/30/2021 with a sale price of $25,300,000. The property consists of 71 units, resulting in a price per unit of $356,338. The buyer of the property was Avanath Capital Management, represented by Daryl J. Carter. The seller in the transaction was Equity Residential. The broker involved in the deal was Newmark.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $25,300,000
• Units: 71
• Price Per Unit: $356,338

Daryl J. Carter, representing Avanath Capital Management, played a key role in the transaction as the buyer's representative. Equity Residential acted as the seller in the deal. Newmark served as the broker facilitating the transaction.