Marshall Boyd Of Interstate Equities Corp Acquires Multifamily Portfolio In Davis From Fox Group For $42.8M

The transaction involved the acquisition of a multifamily asset comprising the Temescal Apartments and Pepperwood Apartments portfolio located at 2477 Sycamore Lane and 2222 Sycamore Lane in the Davis market. The sale price was $42,800,000, translating to approximately $305,714 per unit for the 140 units included in the portfolio.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $42,800,000
• Units: 140
• Price Per Unit: $305,714
• Buyer: Marshall Boyd - Interstate Equities Corp.
• Seller: Fox Group
• Broker: Shivu Srinivasan - Transwestern

Shivu Srinivasan of Transwestern represented the buyer in this transaction, which marked Interstate Equities Corp.'s entry into the Davis market. The transaction comprised two properties, with Temescal Apartments trading for $33.4 million and Pepperwood Apartments for $9.4 million, reflecting the strategic acquisition strategy of Interstate Equities Corp.