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**Investment Group Acquires Santa Clara Multifamily Portfolio for $18M**
Levin Johnston of Marcus & Millichap has closed the $18 million sale of a portfolio consisting of three contiguous garden-style multifamily buildings in Santa Clara. The properties, located on Bellomy Street, comprise a total of 59 residential units.
The buyer, a local investment group with a focus on value-add acquisitions, was secured by the Levin Johnston team.
“The Bellomy Street portfolio transaction offers investors a rare opportunity to acquire well-situated legacy assets in one of Silicon Valley’s most supply-constrained rental markets,” said Robert Johnston, Executive Managing Director at Levin Johnston. “With the market showing clear signs of recovery and affordability pressures reshaping tenant demand, we think low-density assets like these are positioned to outperform in the next phase of the real estate cycle.”
Adam Levin, also an Executive Managing Director at Levin Johnston, added, “Our approach in this deal was grounded in understanding the buyer’s long-term objectives. The ability to acquire a contiguous portfolio with optionality to reposition the assets aligns well with evolving investment strategies in today’s multifamily landscape.”
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