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Oakwood Worldwide Adds 141 MF Units

REDWOOD CITY, CA—This acquisition occurred through Oakwood's $4 billion joint venture with Singapore-based Mapletree Group, the third Oakwood-branded property acquired by the Mapletree Group as part of the collaboration.

By Lisa Brown | Updated on April 06, 2015

REDWOOD CITY, CA–Oakwood Worldwide, corporate housing and serviced apartment firm, has added a 141-unit apartment complex to its global portfolio. The property, formerly known as The Lane on the Boulevard, is located at 2580 El Camino Real. The $84 million sales price equates to approximately $596,000 per unit or $780 per square foot.

Its Silicon Valley proximity allows it to serve the housing needs of nearby technology and healthcare companies. The Oakwood property is less than a mile from downtown Redwood City with access to shopping, popular restaurants, entertainment activities, major freeways, and local and regional transit systems.

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