East Bay apartment complexes are bought by affordable housing firm

East Bay apartment complexes are bought by affordable housing firm

2 years ago
Anonymous $jukOC22bR_

https://www.siliconvalley.com/2022/03/14/east-bay-apartment-home-buy-affordable-housing-real-estate-develop/

SAN LEANDRO — Two East Bay apartment complexes have been bought by a real estate alliance that includes a company that specializes in creating and sustaining affordable housing in California.

Metro 77 and 85, a 146-unit apartment complex in San Leandro; and Andina, an 89-unit apartment building in Hayward, have been bought by affiliates controlled by Integrity Housing and Ascenda Capital for a combined $86.4 million, according to documents filed on Feb. 25 with the Alameda County Recorder’s Office.