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California  + Central Valley  + Apartments  | 

Family Office Acquires Fresno Apartments from Long-Term Owner

Northmarq’s Fresno Investment Sales team, led by Robin Kane and Brendan Kane, brokered the $2.23-million sale of 1550 W Swift Ave., an 18-unit multifamily property located at 1550 W. Swift Ave. in Fresno. The Northmarq team represented the seller, a Colorado-based family office. The buyer was a local family office.

“This was an asset held by the seller for many years,” said Robin Kane. “It presented the perfect opportunity for re-positioning in a strong location with positive rent growth.”

The 18-unit property comprises three buildings totaling 18,296 rentable square feet on 0.83 acres. It offers offers two-bedroom, two-bathroom units.

Located in Fresno’s Bullard submarket, the community offers access to several prominent retail destinations, including River Park Shopping Center, Fig Garden Village and Fashion Fair Mall. The property is also located near local academic institutions such as Fresno State and Fresno City College.

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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).

  • ◦Sale/Acquisition
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