Updated Sep 2, 2026
Benjamin Schall Of Vivmark Residential Acquires Seven Multifamily Properties In Northern California For $741.8M
508 Railway Avenue, 2400 West El Camino Real, 39939 Stevenson Common, 151 Calderon Avenue, 231 Woodcreek Common, 7904 Fall Creek Road & 2175 Decoto Road
$741,800,000
Units
1,843
Asset Type
MultiFamily
Closing
Aug 27, 2026
About this deal
AI
Vivmark Residential acquired seven Northern California apartment complexes located at 508 Railway Avenue, 2400 West El Camino Real, 39939 Stevenson Common, 151 Calderon Avenue, 231 Woodcreek Common, 7904 Fall Creek Road, and 2175 Decoto Road. The total sale price for these multifamily assets was $741.8 million, encompassing 1,843 units at a price per unit of $402,496. The properties are situated in the markets of Campbell, Mountain View, Fremont, Dublin, and Union City, CA.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $741,800,000
- Buyer: Benjamin Schall
- Buyer's Company: Vivmark Residential
- Units: 1,843
- Price Per Unit: $402,496
- Market: Campbell, Mountain View, Fremont, Dublin & Union City, CA
The transaction notably expands Vivmark’s portfolio to over 180,000 rental units, emphasizing a strategic focus on coastal markets, particularly in the San Francisco Bay Area. This acquisition closely followed the merger between AvalonBay Communities and Equity Residential, which was valued at $71 billion, situating Vivmark Residential in a dynamic market landscape.
On the Map
$741,800,000
MultiFamily
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Campbell MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $402.5K per unit across 1843 units on a published $741.8M (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93