Opportunity Housing Group Acquires Multifamily Property In Fairfield For $70M

The multifamily property located at 3001 North Texas St. in Fairfield was recently sold in a transaction facilitated by Salvatore Saglimbeni, Philip Saglimbeni, Stanford Jones, and Alex Tartaglia of Institutional Property Advisors. The property was purchased by Opportunity Housing Group, represented by Lauren Seaver and California Statewide Communities Development Authority. The sellers of the property were Angelo Gordon and Glencrest Group.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $70,000,000
• Address: 3001 North Texas St.
• Market: Fairfield
• Buyer: Opportunity Housing Group - Lauren Seaver & California Statewide Communities Development Authority
• Seller: Angelo Gordon & Glencrest Group

The transaction involved a total of 180 units, with a price per unit of $388,888. This sale marks a significant acquisition in the multifamily market in Fairfield.