A big 246-unit Fremont apartment complex has been bought by a veteran Bay Area real estate firm in a deal that topped $125 million.
FREMONT — A big apartment complex in Fremont with hundreds of units has been bought by a veteran Bay Area real estate firm with a nationwide reach in a deal that topped $125 million.
Pacific Urban paid $127 million for the Fremont apartment complex, according to documents filed on May 3 with the Alameda County Recorder’s Office.Palo Alto-based Pacific Urban Investors also obtained a $63.1 million loan from Berkeley Point Capital at the time of the transaction to help finance the purchase, the county records show.
Pathfinder Village’s buyer is an experienced owner of apartments, according to the company’s website.
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