Cityview, a leading multifamily investment management and development firm, has acquired Tralee Village Apartments in Dublin, California. The 130-unit multifamily development, initially built in 2011, spans two buildings and includes over 30,000 square feet of ground-floor retail space. Tralee Village Apartments have experienced high occupancy rates, making it an attractive investment for Cityview. Sean Burton, CEO of Cityview, states that the acquisition aligns with the company’s strategy of investing in communities in supply-constrained markets. Cityview plans to implement comprehensive renovations to modernize the units and common areas. Located in the Tri-Valley area, the development benefits from a robust local economy and easy access to major employment hubs in Silicon Valley, San Francisco, and the greater Bay Area. Jason Parr of Berkadia brokered the transaction, and Westhome, an affiliate of Cityview, will manage the property.

Real Estate Investment, Property Management,United States, California

https://www.globenewswire.com/news-release/2024/06/20/2901998/0/en/Cityview-Acquires-Bay-Area-Multifamily-Project.html