Prado Group Acquires Multifamily Portfolio In San Francisco For $124M

$124,000,000

Building Size

—

Asset Type

MultiFamily

Closing

Nov 28, 2023

AI

The Prado Group, led by Dan Safier and Craig Greenwood, has acquired a multifamily portfolio in San Francisco from Veritas Investments, represented by Yat-Pang Au, for a total of $124,000,000. The portfolio consists of 20 multifamily buildings and a vacant lot.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $124,000,000
Units: 316
Price Per Unit (PPU): $392,405

This acquisition is part of Veritas Investments' broader divestment strategy and follows the purchase of associated debt. It is worth noting that Veritas Investments has also sold a larger multifamily portfolio to Ballast Investments and Brookfield for $800 million.

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