SUNNYVALE, CA-Calvera Partners, LLC has purchased a 37-unit apartment building at 1090 Sunnyvale Saratoga Road, through an affiliated entity.
Calvera intends to re-brand the property, modernize the building, and address existing operating inefficiencies to add value to the property. The property will be professionally managed by Calvera Management, Inc.
This acquisition is the fifth purchase for Calvera Partners in Silicon Valley, where it has been successfully transforming apartment properties since 2011. Debt financing was provided by the local office of JPMorgan Chase, with whom Calvera has financed multiple transactions. Also, Martinkovic Milford Architects of San Francisco has been engaged by Calvera for design collaboration.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
