Ballast has acquired an 86-unit multifamily property located at 2055 Sacramento Street in San Francisco’s Pacific Heights for a sale price of $31,900,000, translating to approximately $370,930 per unit. This sale reflects the growing interest and confidence in the multifamily market within San Francisco, driven by increasing rents and a tighter vacancy rate.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $31,900,000
• Units: 86
• Price Per Unit: $370,930
• Buyer: Greg MacDonald
• Company: Ballast
• Address: 2055 Sacramento Street
• Market: San Francisco

Greg MacDonald, representing Ballast, played a crucial role in this transaction, which contributes to the expansion of Ballast's local portfolio. The acquisition of Grosvenor Court Apartments marks a significant step in response to the robust market dynamics observed in the San Francisco area.