Brief
Arthaus, Belay Expand into San Francisco with Nob Hill Acquisition
ArtHaus Partners, in partnership with Belay Investment Group, has acquired The Terraces, a 117-unit multifamily property in San Francisco’s Nob Hill neighborhood. The $25-million acquisition equates t
Summary
ArtHaus Partners, in partnership with Belay Investment Group, has acquired The Terraces, a 117-unit multifamily property in San Francisco’s Nob Hill neighborhood.
The $25-million acquisition equates to a purchase price of $212,000 per unit and $270 per gross square foot, representing an attractive basis for entry into the San Francisco market.
The acquisition marks ArtHaus...
Source
- Connect CREconnectcre.com
