Opportunity Housing Group Acquires Multifamily Portfolio In Santa Rosa For $183.3M

The multifamily property located at 220-240 Burt St. & 4656 Quigg Dr. in Santa Rosa has been sold in a closed transaction. The property consists of 457 units, with a sale price of $183,300,000, resulting in a price per unit (PPU) of $401,094. The sale was completed on October 28, 2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $183,300,000
• Address: 220-240 Burt St., 4656 Quigg Dr., Santa Rosa
• Market: Santa Rosa
• Buyer: Opportunity Housing Group
• Seller: Angelo Gordon & Glencrest Group
• Brokers: Scott Bales - Newmark; Nolan Moore & Max Machiorlette - JLL; Salvatore Saglimbeni, Philip Saglimbeni, Stanford Jones & Alex Tartaglia (Institutional Property Advisors) - Marcus & Millichap
• Units: 457
• PPU: $401,094

The sale of this multifamily property was facilitated by a team of brokers. Scott Bales represented the buyer, Opportunity Housing Group, while Nolan Moore and Max Machiorlette worked on behalf of JLL. Salvatore Saglimbeni, Philip Saglimbeni, Stanford Jones, and Alex Tartaglia, representing Institutional Property Advisors, were also involved in the transaction as brokers. The involvement of these key individuals and companies highlights their role in the successful completion of the sale.