Acacia Capital Corp Acquires 540-Unit Multifamily In Pleasanton For $248M

Acacia Capital Corp has acquired a multifamily property located at 5650 Owens Drive in Pleasanton. The transaction, which took place on March 11, 2020, was facilitated by JLL brokers Scott Bales, Peter Yorck, Nolan Moore, and Max Machiorlette. The property was purchased from Equity Residential for a total price of $248,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $248,000,000
• Address: 5650 Owens Drive, Pleasanton
• Market: Pleasanton
• Units: 540
• Price Per Unit: $459,000
• Buyer: Acacia Capital Corp
• Seller: Equity Residential
• Brokers: Scott Bales, Peter Yorck, Nolan Moore, and Max Machiorlette

The acquisition of this multifamily property marks a significant investment for Acacia Capital Corp. The property consists of 540 units and is located at 5650 Owens Drive in Pleasanton. The transaction price of $248,000,000 reflects a price per unit of $459,000.