CBRE Arranges $23.15 Million Sale of Pleasant Hill Apartments to Novin Development for Affordable Housing Conversion Project
OAKLAND, CA - CBRE announced the sale of The Post apartments in Pleasant Hill, Calif. for $23.15 million to Novin Development Corporation (NDC), a sponsor and developer of large multi-family development projects. The 40,780 sq. ft., 71-unit apartment community acquisition was made possible through the Housing for Health Fund, a naturally occurring affordable housing preservation fund created by Enterprise Community Investments, among others. Keith Manson, Zachary Greenwood and Mac Watson of...
Source: multifamilybiz.com