California + Bay Area + Apartments | May 23, 2023

Sentinel Real Estate Corporation acquired La Via Apartments, a recently completed mid-rise apartment community in Petaluma, California

Sentinel Real Estate Makes Sixth NorCal Property Acquisition

New York City-based Sentinel Real Estate Corporation acquired La Via Apartments, a recently completed 281-unit mid-rise apartment community in Petaluma. Sentinel purchased the property from the sponsor, The Spanos Corporation, a leading developer of multifamily communities across the U.S.

“La Via exemplifies our strategy to acquire well-located, high-quality properties in submarkets supported by strong fundamentals with long-term tailwinds,” said Michael Streicker, president of Sentinel. “Surrounded by protected parklands, the Petaluma submarket has seen few deliveries of new apartments in recent years – approximately 52 units per year, on average – driving compelling supply/demand dynamics and consistent rent growth.”

Sentinel has been active in the Northern California market throughout its 54-year history and currently owns six properties in the area. The firm plans to continue leveraging its market expertise and deep industry relationships to identify attractive investment opportunities and expand its portfolio in the region.

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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 13-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 15-20 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).

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