Doug McEachern Of The Bedford Affordable Housing Foundation Purchases Multifamily Asset For $87.7M

The asset involved in this transaction is a multifamily property located at 2118 Canoas Garden Avenue in the San Jose, CA market. The sale price of the property was $87,700,000, and it consists of 262 units. The price per unit is calculated to be $334,733.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $87,700,000
• Buyer: Doug McEachern - The Bedford Affordable Housing Foundation
• Seller: Willow Glen Associates West
• Brokers: Jesse Goldstein & Dennis Danielian - TCI Properties
• Lender: Fannie Mae & California Statewide Communities Development Authority
• Units: 262
• Price Per Unit: $334,733

This transaction was facilitated by the broker representatives Jesse Goldstein and Dennis Danielian from TCI Properties, who played a crucial role in connecting the buyer, Doug McEachern from The Bedford Affordable Housing Foundation, with the seller, Willow Glen Associates West. The financing for the acquisition was provided by Fannie Mae and the California Statewide Communities Development Authority.