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Article: Behringer Harvard Acquires Multifamily Community in San Francisco's East Bay Area.
- Article from:
- Journal of Transportation
- Article date:
- September 26, 2009
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Behringer Harvard announced that it has acquired Waterford Place, a 390-unit multifamily community at 4800 Tassajara Road in Dublin, California. Dublin is located approximately 35 miles east of San Francisco near the intersection of Interstates 580 and 680.
"Our strategy is to take advantage of an investment environment that is providing opportunities to acquire core assets at values well below replacement cost," said Mark T. Alfieri, chief operating officer of Behringer Harvard Multifamily REIT I, Inc. "Waterford Place is a high-quality, stabilized multifamily community that is 96.7 percent occupied (as of August 31, 2009). In addition, Waterford Place is ...