Northmarq's Northern California office successfully brokers $27.5M sale of 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.
Meet our team
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
