Terry Fancher Of Stockbridge Capital Group Acquires Alta Potrero Multifamily Property For $132M

The transaction involved a multifamily property located at 1301 16th Street in San Francisco, CA. The asset consists of 172 units and was sold for a total of $132,000,000, equating to approximately $767,442 per unit. The property was described as a luxury multifamily development situated in the Potrero Hill neighborhood, an area experiencing increased housing demand due to the growth of AI employment nearby.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $132,000,000
• Number of Units: 172
• Price Per Unit: $767,442
• Buyer: Terry Fancher - Stockbridge Capital Group
• Seller: Joseph Keough - Wood Partners

The acquisition was noted as one of the most significant multifamily purchases in San Francisco in recent years. Terry Fancher is representing Stockbridge Capital Group in this transaction, while Joseph Keough represents Wood Partners.