Prometheus Acquires Multifamily Property In San Bruno For $188M

The multifamily property located at 2000 Crystal Springs Road in San Bruno, CA has been sold for $188,000,000. The transaction took place on 09/19/2022. The property consists of 435 units, with a price per unit (PPU) of $432,184. The buyer of the property is Prometheus Real Estate Group, represented by Jackie Safier. The seller is Pivnicka Properties & Gerson Bakar & Associates.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $188,000,000
• Units: 435
• Price per Unit (PPU): $432,184
• Buyer: Prometheus Real Estate Group - Jackie Safier
• Seller: Pivnicka Properties & Gerson Bakar & Associates

Jackie Safier of Prometheus Real Estate Group played a crucial role as the buyer's representative in this transaction.