Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Footprints on the Bay (the "Property") a 96-unit garden-style apartment community located in Monterey, California. Situated in a highly sought after coastal market, Footprints on the Bay is Monterey’s second largest multifamily property and provides residents convenient access to the region’s diverse employers such as the Naval Post Graduate School, Community Hospital of Monterey Peninsula, Cal State Monterey Bay, Dole Fresh Vegetables Company and Pebble Beach Resorts.

Footprints on the Bay was built in 1972 and is situated on 4.32 acres of mature, landscaped grounds. The well-amenitized property has a favorable unit mix of 8 Studios, 44 one-bedroom units and 44 two-bedroom units. Footprints on the Bay has the added benefit of an existing condo map. 116 former apartment units have been sold off as condos. Although current ownership has diligently maintained the asset, no units at Footprints on the Bay have undergone a modern renovation program. With the opportunity to invest in an asset repositioning, an investor can execute on a market proven value-add strategy and unlock the tremendous upside potential of Footprints on the Bay.

The subject properties located at 2933-2977 24th Street & 1205 Alabama Street comprise a mixed-use apartment building situated in the heart of the Mission neighborhood of San Francisco. The properties consist of three residential units and three ground floor commercial units. The ground floor retail tenants include a jewelry shop, a hair salon, and a bakery that has been in business for over 50 years.

These buildings are located on 24th Street in the heart of one of the busiest retail and entertainment corridors in the Mission District and only 6 blocks from the 24th Street BART station providing residents convenient transportation. Known as one of San Francisco’s most culturally diverse and artistically flourishing neighborhoods, The Mission District is highly attractive to tenant with its restaurants, street murals, coffee houses, boutiques, and parks. The properties are within walking distance of famed Valencia Street, Potrero Hill, and Dolores Park. The area is serviced by excellent public transportation options, and also boasts a walk score of 95 and an even higher bike score of 99.

*The Property is offered unpriced to qualified parties on a best-offer basis with a potential bid deadline to be determined.

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in The Falls at Arden (the “Property”), a 272-unit apartment community located in Sacramento, California. Situated six miles east of Downtown Sacramento and two miles from California State University Sacramento, the Property provides residents convenient access to the region’s major employment centers. Upscale retail, dining, grocery and entertainment options are also in the immediate vicinity.

The Falls at Arden was built in 1986 and over $3.6 million worth of interior and exterior improvements have been completed since March 2016. The Property has a favorable mix of 72 studio units, 144 one-bedroom units, and 56 two-bedroom units. The clubhouse and fitness center have undergone a complete renovation while washers and dryers have been added to approximately 70% of the one and two bedroom units. These improvements have resulted in effective rent growth of 15.6% over the past 12 months.