Thu. Jun 8th, 2023

FREMONT — A significant apartment complex in Fremont with hundreds of units has been acquired by a veteran Bay Place real estate firm with a nationwide access in a deal that topped $125 million.

Pathfinder Village flats at 39800 Fremont Blvd. has been acquired by an affiliate that’s linked to Pacific Urban Traders, an active investor in apartment complexes in the United States.

Pacific Urban compensated $127 million for the advanced, according to paperwork filed on May well 3 with the Alameda County Recorder’s Office environment.

The offer for the 246-unit apartment setting up reveals that traders however starvation for residential homes in the Bay Area.

Palo Alto-based mostly Pacific Urban Traders also attained a $63.1 million loan from Berkeley Issue Funds at the time of the transaction to assist finance the purchase, the county records display.