Northmarq's Northern California office successfully brokers $27.5M sale of Valencia Portfolio
Valencia Portfolio
VALLEJO, Calif. (August 15, 2024) — Northmarq’s Northern California Multifamily Investment Sales team of Zachary LeBeouf and Anthony Pappageorge successfully brokered the $27.5 million sale of the Valencia Portfolio. The portfolio consisted of two assets: The Valencia (80 units) and Valencia Terrace (64 units). The communities were built in 1986 and 1982 and located at 1101 N Camino Alto and 154 Richardson Drive, respectively.
Northmarq represented the seller, Reliant Group Management. The buyer was Abacus Capital Group LLC.
“This portfolio sale represents the largest multifamily sale in Vallejo since 2021 and only the second 100+ unit multifamily sale in Solano County this year,” said LeBeouf.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
