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East Bay Receives Buyer Overflow From Higher Rent Areas

SAN LEANDRO, CA—Recent multifamily acquisitions in the East Bay align with Trion's strategy of investing in underperforming multifamily properties and repositioning them through high-end renovations.

By Lisa Brown | lisabrown | Updated on February 19, 2016

San Leandro apartment A joint venture has acquired the 38-unit apartment complex.

SAN LEANDRO, CA—Rents throughout the Bay Area are continuing to rise, which is driving tenants to the surrounding submarkets. This significant increase in rents is affecting demand throughout the Hayward and San Leandro markets, and two multifamily acquisitions are prime examples of this uptick.

Trion Properties, a Los Angeles-based boutique private equity firm, has acquired a 38-unit complex in San Leandro, CA and 30-unit apartment community in Hayward, CA. The two acquisitions add $13.58 million to Trion Properties’ portfolio of more than $100 million in assets under management.

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