Cityview, a leading multifamily investment and development firm, has recently completed the acquisition of Tralee Village Apartments in Dublin. The property is located at 6599 Dublin Blvd. in the highly desirable Tri-Valley area of the Bay Area. This three-story, 130-unit multifamily project consists of two buildings and features over 30,000 square feet of retail space on its ground floor.
According to Cityview CEO Sean Burton, Tralee Village presented an excellent opportunity to acquire a top-quality asset in a prime location within a rapidly growing submarket that has seen significant population and employment growth since the start of the pandemic. With an average historical occupancy rate of 95% and strong market fundamentals, this acquisition aligns with Cityview’s strategy to invest in supply-constrained markets with high barriers to entry at below replacement cost.
Originally constructed in 2011, Tralee Village offers one-, two-, and three-bedroom floorplans for its residents. As part of their plans for this property, Cityview will be implementing comprehensive renovations throughout both individual units as well as common areas.
The transaction was brokered by Jason Parr from Berkadia while Westhome – an affiliate company under Cityview – will serve as property manager for Tralee Village Apartments.
“}]]
