David Olney Of Berkshire Residential Investments Acquires Multifamily Portfolio In San Francisco For $134.15M

A multifamily asset was sold in San Francisco, consisting of a 299-unit live-work loft portfolio. The investment was finalized on April 22, 2026, with a total sale price of $134,150,000. The properties included in this deal are located at 19 Clementina Street, 168-178 Bluxome Street, 673-683 Brannan Street, 599 3rd Street, 1082 Pennsylvania Avenue, and 1468 25th Street. The price per unit was calculated at $448,662, reflecting the market's dynamics and the ongoing demand for rental properties.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $134,150,000
• Buyer: David Olney - Berkshire Residential Investments
• Seller: Property Resources Corporation
• Units: 299
• Price Per Unit: $448,662
• Market: San Francisco

Berkshire Residential Investments, under the leadership of David Olney, has rebranded the four-property deal as “The Grid Collection.” The acquisition spans multiple neighborhoods, including East Cut, SoMa, and Potrero Hill, representing a strategic investment in the multifamily market as conditions in San Francisco allow for a resurgence in rental demand and a recovery in office spaces influenced by artificial intelligence.