Acacia Capital Corp Acquires 286-Unit Multifamily Asset In Santa Clara For $183M

The transaction involved the sale of a multifamily asset, which comprises 286 units located at 3580 Rambla Place in Santa Clara. The asset was sold for $183,000,000, translating to a price per unit of $639,860. The property, completed in 2024, includes a range of unit types from studio to two-bedroom, along with amenities like a pool, fitness center, clubhouse, and roof terrace.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $183,000,000
• Units: 286
• Price Per Unit: $639,860
• Buyer: Robert Leupold & Robert Larson - Acacia Capital Corp
• Seller: Doug McDonald - SummerHill Apartment Communities
• Broker: Institutional Property Advisors - Marcus & Millichap
• Market: Santa Clara
• Address: 3580 Rambla Place

The buyers, Robert Leupold and Robert Larson, represented Acacia Capital Corp, while the seller, Doug McDonald, was associated with SummerHill Apartment Communities. The deal was brokered by Marcus & Millichap’s Institutional Property Advisors, highlighting the expertise involved in facilitating the transaction.