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Decron Acquires MF Community in Fremont, CA for $72M

Decron Properties acquired Rancho Luna Sol, a 188-unit multifamily community in Fremont, CA, for $71.5 million. This is Decron’s first acquisition in Fremont, and boosts its regional portfolio to 1,054 units across six properties.

Decron’s David J. Nagel says, “The acquisition of Rancho Luna Sol is a result of our ability, along with our investors, to successfully raise the $26.5 million in equity that it took to purchase the property. It’s also a result of our strong relationship with Citibank, which provided us with the interest-only financing that allowed us to complete the transaction.”

Rancho Luna Sol is located at 3939 Monroe Ave., 1.3 miles from both the Fremont BART station and ACE Centerville train station. Built in 1980, the property offers one and two-bedroom floor plans. Nearly $8 million has been invested in interior and exterior improvements to the property over the past six years.

NKF’s Mark Leary, John McCulloch and Robert Le Doux represented both parties.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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