Todd Darling & Amanda Lindberg Of Acacia Capital Acquire Redwood City Multifamily For $188M

The property asset involved in the transaction is located at 299 Franklin Street in Redwood City. This multifamily asset comprises 304 units with a total square footage of 256,904. The transaction was completed at a sale price of $188,000,000, resulting in a price per unit of $618,421 and a price per square foot of $731.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $188,000,000
• Units: 304
• Square Footage: 256,904
• Price Per Unit: $618,421
• Price Per Square Foot: $731
• Buyer: Todd Darling & Amanda Lindberg - Acacia Capital
• Seller: Sean Gulian - Nuveen
• Broker: Salvatore Saglimbeni - Marcus & Millichap

This transaction highlights the participation of key individuals such as Todd Darling and Amanda Lindberg representing Acacia Capital as the buyers. The seller, Sean Gulian, represented Nuveen in the deal, with Salvatore Saglimbeni acting as the broker through Marcus & Millichap.