Property Types Multi-Family
May 5, 2009
Raintree Partners has completed its first multi-family acquisition by acquiring Trellis Square Apartment Homes, a 204-unit complex, in Sunnyvale, Calif., for $38 million. The development is located at 963 East El Camino Real. Amenities include a fitness center, spa and swimming pool. CB Richard Ellis’ San Francisco office represented the seller in the acquisition. Fannie Mae financing for the acquisition was provided through CBRE Capital Markets. The seller was an affiliate of Northwestern Mutual.
Raintree Partners has completed its first multi-family acquisition by acquiring Trellis Square Apartment Homes, a 204-unit complex, in Sunnyvale, Calif., for $38 million. The development is located at 963 East El Camino Real. Amenities include a fitness center, spa and swimming pool. CB Richard Ellis’ San Francisco office represented the seller in the acquisition. Fannie Mae financing for the acquisition was provided through CBRE Capital Markets. The seller was an affiliate of Northwestern Mutual.
Recent Multi-Family Headlines
