Vivmark Merger Triggers $742M in Bay Area Apartment Acquisitions

The mega-merger of AvalonBay Communities and Equity Residential triggered the purchases of at least seven apartment complexes in the South Bay and East Bay, the Mercury News reported. Affiliates of Vivmark Residential have acquired properties with a combined 1,843 units in Mountain View, Fremont, Campbell, Union City and Dublin for a total of $741.8 million.

The largest of the properties by unit count and price was Avalon Campbell at 508 Railway Ave. in Campbell, totaling 348 units and acquired for $147.3 million. Other properties included the following:

Avalon Towers on the Peninsula at 2400 West El Camino Real in Mountain View, 238 units; $140.4-million sale price including an adjacent office building at 2440 El Camino.

Avalon Fremont at 39939 Stevenson Common in Fremont; 308 units; $124.3 million.

Eaves Creekside at 151 Calderon Ave. in Mountain View; 300 units; $117.3 million.

Eaves Fremont at 231 Woodcreek Common in Fremont; 237 units; $88.9 million.

Eaves Dublin at 7904 Fall Creek Rd. in Dublin; 204 units; $64.6 million.

Eaves Union City at 2175 Decoto Rd.; 208 units; $59.1 million.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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