Trion Takes East Bay MF for $21M

Los Angeles-based Trion Properties acquired Creekside Apartments, an 80-unit multifamily community in San Leandro, from an unnamed private partnership for $20.5 million. The value-add property at 424 Callan Ave. is near downtown San Leandro and a BART station.

Trion Properties’ Max Sharkansky says, “We were fortunate to be well-positioned to take advantage of the opportunity to acquire this asset at an attractive price, despite the hurdles caused by the pandemic.”

Built in 1969, the property features large one- and two-bedroom apartments, each with a private balcony or patio. Amenities include a swimming pool, laundry facilities, a courtyard with picnic area, and a gated parking lot.

Only six of the units have been fully renovated and Trion plans to implement renovations on the remaining units. That includes installing quartz countertops, vinyl plank flooring, stainless-steel appliances, undermount sinks, washer/dryers, new custom cabinets, Bluetooth locks, and upgraded bathroom vanities.

Cushman & Wakefield’s Jason Parr, Scott MacDonald and Seth Siegel represented the seller.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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