Terry Fancher Of Stockbridge Capital Group Acquires 115-Unit Multifamily In San Francisco For $64.3M

The asset involved in the transaction is a nine-story multifamily building located at 923 Folsom Street in San Francisco's SoMa neighborhood. The property, featuring 115 units, was sold for $64,300,000, which breaks down to approximately $559,130 per unit. The building is 97% occupied and includes one- and two-bedroom units, reflecting the rising rents in the city amidst high demand and limited new supply.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $64,300,000
• Units: 115
• Price Per Unit: $559,130
• Buyer: Terry Fancher - Stockbridge Capital Group
• Seller: George Gatch - J.P. Morgan Asset Management
• Date of Sale: 02/18/2026
• Market: San Francisco

Terry Fancher, representing Stockbridge Capital Group, acquired the property from George Gatch, who represented J.P. Morgan Asset Management in this significant transaction. The deal underscores the strong activity within the San Francisco multifamily market.