Northmarq's Northern California office successfully brokers $27.5 million sale of Valencia Portfolio
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 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 an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.
