Seven-Property San Francisco MF Portfolio Trades for $90M
A seven-property high-profile multifamily portfolio in San Francisco, with a combined square footage totaling 124,260, has traded for $90 million. Historic architectural features can be found throughout the portfolio’s 176 residential units.
The collection of trophy properties, which sit in highly sought-after ,prestigious San Francisco neighborhoods, are located at 643 Divisadero St., 1128 Valencia St., 956 Valencia St. (pictured), 901 Valencia St., 970 Geary St., 954 Geary St. and 704 Bush St.
Colliers International’s James Devincenti and Brad Lagomarsino, along with Eastdil Secured’s Eve Myers, Joseph Smolen, Mark Petersen, Jeffrey Weber and Will Purcell, brokered the sale on behalf of the buyers and sellers.
Devincenti says, “This opportunity was part of a larger, 12-building apartment portfolio sale and disposition strategy that involved three different buyer groups, which in the end allowed the sellers to obtain higher amounts than they would have if sold together.”
Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services.
In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company.
In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix.
Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator.
Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements.
Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.