Brookfield Properties has taken the crown of San Francisco's largest multifamily landlord from Veritas.
At a public foreclosure auction held across the street from City Hall on Thursday, Brookfield was the winning, and only, bidder for two Veritas apartment portfolios.
Brookfield bid $386.25M for 62 San Francisco apartment buildings encompassing 1,743 units and $77.25M for a second portfolio encompassing 422 units in 14 buildings.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
