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ROEM Acquires Vacaville MF
Early Bird Alert: Connect Apartments is planned for September 28th in Los Angeles. Here’s where to get more information and register.
Alamo Garden Apartments, a 183-unit, garden- style apartment community in Vacaville, CA, sold for $16.9 million. The property was built in 1965, and is one of the largest single multifamily sale transactions completed in the city.
Colliers International’s Rich Martini represented the buyer, Santa Clara, CA-based ROEM Development Corporation, in the off-market transaction. The unnamed private seller, which purchased the property in 2001, was represented by Chad Mitchell Associates’ Chad Elkin.
“Alamo Garden was an ideal property for ROEM to acquire, as it offered the necessary economic and market characteristics needed for ROEM to execute their acquisition rehab strategy,” said Martini.
Encompassing 29 single-story buildings, the community is situated on more than nine acres and includes a mix of one- to three-bedroom units.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition




