A big apartment complex in Fremont has been bought for well over $100 million.
FREMONT — A big apartment complex in Fremont has been bought for well over $100 million in a deal that suggests the market for rental housing remains has begun to falter in Silicon Valley.
The price that Acacia Capital paid for the Fremont residential real estate property hints at flattening — or even falling — values for apartment properties in this area. Fore Property developed the apartment complex, which is near the corner of Walnut Avenue and Liberty Street in one of the core sections of the emerging downtown Fremont area.As part of the real estate deal, the Acacia Capital affiliate obtained a $69.3 million loan from CBRE Multifamily Capital, the county public documents show.
The 275 units in the project include 125 one-bedroom units, 91 two-bedroom apartments and 59 studios, plans on file with Fremont city officials show.
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