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Decron Grabs San Jose, CA MF for $85M
Decron Properties has acquired Willow Creek, a 208-unit multifamily community in San Jose, CA for $84.6 million. Built in 1985, the value-add property consists of a mix of one and two-bedroom floor plans. All units include full-size washer and dryer, central heating and air conditioning, walk-in closets, patio or balcony, and enclosed garages or covered parking.
The Los Angeles-based multifamily investor boosted its holdings in Northern California to 858 units, and investment activity for the year to a record $345 million.
Decron’s other 2018 acquisitions include Bridgecourt, a 220-unit mixed-use community with apartments and ground floor retail in Emeryville, CA, which closed in January; and its $173 million acquisition of Avana 522 in Seattle, WA last month, the largest single investment in Decron’s history.
Institutional Property Advisors’ Salvatore Saglimbeni, Stanford Jones, and Philip Saglimbeni represented the undisclosed seller in the transaction.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition




