TruAmerica Multifamily Acquires 200-Unit Multifamily Property In San Ramon For $78 Million

The property asset involved in the transaction is a multifamily complex located at 309 Springfield Drive in San Ramon, CA. The sale was valued at $78 million, representing a price per unit of $390,000. The property was originally built in 1987 and consists of 200 units, with a current occupancy rate of 95%. TruAmerica Multifamily, the buyer, has plans to renovate 192 of the units over the next five years.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $78,000,000
• Units: 200
• Price Per Unit: $390,000
• Buyer: Robert E. Hart - TruAmerica Multifamily
• Seller: Acacia Capital
• Broker: Berkadia

The deal was facilitated by Robert E. Hart, representing TruAmerica Multifamily. Acacia Capital was the seller in this transaction. Berkadia acted as the broker overseeing the sale, which involved a significant transfer of multifamily assets in the San Ramon market.