Ben Friedman Of Abacus Capital Group Acquires Park Central Apartments From Sequoia Equities For $98.25M

The multifamily asset involved in this transaction is the Park Central Apartments, which consists of 259 units located at 1555 Galindo Street in Concord. The property was sold for $98,250,000, translating to a price per unit of $379,344.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $98,250,000
• Units: 259
• Price per Unit: $379,344
• Buyer: Ben Friedman - Abacus Capital Group
• Seller: Sequoia Equities
• Broker: Ryan Wagner - JLL
• Date of Sale: July 30, 2025
• Market: Concord

Ben Friedman represented the buying entity, Abacus Capital Group, while Ryan Wagner represented both parties in the transaction through JLL’s Northern California team.