Michael R. Haggerty & James Buckingham Of TA Realty Acquire Multifamily Asset In Walnut Creek For $163M

The property asset involved in the transaction is a multifamily community known as Hanover Walnut Creek, located at 3050 Del Hombre Lane in Walnut Creek, California. This 285-unit property was built in 2023 and spans two acres. The sale price for the community was $163,000,000, translating to approximately $571,930 per unit.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $163,000,000
• Units: 285
• Price Per Unit: $571,930
• Buyer: Michael R. Haggerty & James Buckingham - TA Realty
• Seller: Brandt Bowden - Hanover Company
• Date of Sale: 10/21/2025
• Market: Walnut Creek

The deal involved key individuals including Michael R. Haggerty and James Buckingham, who represented TA Realty in the acquisition. Brandt Bowden acted on behalf of the Hanover Company as the seller in this transaction. The sale occurred amid a significant rebound in the Bay Area multifamily market, with transactions rising from $1.1 billion in the previous year to $2.5 billion in 2023.