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California  + Bay Area  + Apartments  | 
Rockwood Acquires Walnut Creek Apartments for $66M

Rockwood Acquires Walnut Creek Apartments for $66M

San Francisco-based Rockwood Capital has acquired the The Arroyo Residences, a 100-Unit apartment property in Walnut Creek, CA for $66 million. The seller was Northwestern Mutual Real Estate which acquired the property in 2015 during construction. The $660,000 price per unit is a record high for the East Bay suburb.

The complex, located at 1250 Arroyo Way, features one- and two-bedroom units with amenities that include a pool, spa, business center, clubhouse and rooftop terrace. 

The property is located a half-mile from the BART station, and is just a short walk to vibrant downtown Walnut Creek. It is also situated less than a mile from Interstate 680 and Highway 24, allowing connectivity to Oakland, San Francisco and the Silicon Valley.

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Inside The Story

Rockwood CapitalNorthwestern Mutual Real EstateThe Arroyo Residences

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Sale/Acquisition
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