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Greystar Expands NorCal Apartment Platform with $27M Buy

WALNUT CREEK, CA-The San Francisco Bay Area apartment market is well-positioned to capitalize on the increasing presence of high-tech industry and innovation centers in the area, says Greystar.

By Natalie Dolce | Updated on October 25, 2011

WALNUT CREEK, CA-GlobeSt.com has learned that Greystar has purchased a 109-unit mixed-use complex for $27.4 million here. The seller of Legacy at Walnut Creek Apartments was Legacy Partners.

 “The San Francisco Bay Area apartment market is well-positioned to capitalize on the increasing presence of high-tech industry and innovation centers in the area,” says Kevin Kaberna, managing director of investments at Greystar. “In addition to positive fundamentals, Walnut Creek is poised to outperform based on the strong rental growth occurring on the Peninsula.”

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