Acacia Capital Buys 358-Unit Waymark in Walnut Creek for $190MM

Acacia Capital Buys 358-Unit Waymark in Walnut Creek for $190MM

By The Registry Staff A massive apartment complex near the Walnut Creek BART station has been sold in a deal nearing $200 million. Waymark, a residential hub completed in 2022, was purchased for $190 million, or about $530,726 per unit, by Acacia Capital, a San Mateo-based real estate investment firm, according to a report from […] The post Acacia Capital Buys 358-Unit Waymark in Walnut Creek for $190MM appeared first on The Registry.

Sale of apartment hub with hundreds of units near East Bay BART stop points to weakening market

WALNUT CREEK — An apartment complex with hundreds of units near the Walnut Creek BART station has been bought for less than its assessed value in a sign that values for multifamily residential properties are drifting lower. Waymark, a residential hub that was built in 2020, has been bought for $190 million, according to documents filed on Aug. 29 with the Contra Costa County Recorder’s Office. Waymark, a 358-unit apartment complex at 101 Pringle…