Apartment Advisory Team's Results
"I want to thank both of you for your successful sale in 2007 of my two apartment assets in Yuba City; Bridge Street Commons 166 units and River Oaks 148 units. Your market knowledge, ability to expose the investment opportunity to a wide number of qualified buyers, negotiating skills and management of the due diligence and escrow process were exceptional. I have interacted with many commercial brokers during my long career as a developer and investor and place your skills among the best in the industry. To that point, I would happily recommend you and your Apartment Advisory Team to any apartment owner seeking to obtain both professional representation and optimal results."
 Patio Apartments Sacramento, CA |
In December 2009 we sold 26 unit Patio Apartments. This was an REO sale for $400,000; $15,384/Unit. We represented both they buyer and the seller (the Bank) in this transaction. |
 Harrison Court North Highlands, CA |
In June 2009 we sold 60 Unit Harrison Court Apartments. We brought in 7 offers over the course of 5 months for the owners to consider. After a 7 month escrow, we closed on June 30, 2009 for $3,400,000; $56,666/Unit; $68.37/SF; 6.3% Cap. We represented both they buyer and the seller in this transaction. |
 River Valley West Yuba City, CA |
In May 2008 we sold River Valley West, a 48 Unit luxury apartment home community in Yuba City. Newly constructed in 2006, it is located in a single family neighborhood that attracts the most affluent tenants of Yuba City and Sutter County seeking exceptional quality housing. River Valley West sold for $4,700,000 or $97,917 per unit. We represented the seller in this transaction. |
 River Oaks Yuba City, CA |
In November 2007 we set the HIGHEST PRICE PER UNIT record once again, beating our previous record in Yuba City. The 148 unit Class A property, River Oaks, sold for $18,025,000 or $121,791 per unit. During our Exclusive Listing period, the occupancy fell dramatically causing the concern of prospective buyers and potential lenders. Ultimately, we located a very suitable and qualified buyer with a long-term hold strategy and closed with a new 65% LTV fixed rate loan. The TRI Apartment Advisory Team represented both Buyer and Seller in this transaction. |
 Windsor Court Turlock, CA |
October 2007 took us south to Turlock, to sell Windsor Court, a 193 unit complex which sold for $16,200,000 or $83,938 per unit. This deal, like the transaction we closed in Chico in April, was also a value added deal. The buyers set out to re-position the asset to gain full financial benefit; the 1st step was the fresh new name ~ Boardwalk Apartments. |
 Stoneridge Roseville, CA |
In September 2007 we sold the #1 Rated Apartment Community in Northern California, 230 Unit Stoneridge Apartments in Roseville. We set a record once again, the property sold for $40,500,000 or $176,087 per unit, the HIGHEST PRICE PER UNIT in the Sacramento MSA. Built in 2005, this is a Class A, award winning asset that will show pride of ownership for many years to come. |
 Country Village Carmichael, CA |
At the end of May 2007 we represented the seller of Country Village, a 44 unit apartment in Carmichael. It sold for $3,775,000 or $85,795 per unit. With quintessential Pride of Ownership, this asset experienced high cash flow and consistently high occupancy, a property any buyer would be happy to acquire. |
 Transpacific Gardens Chico, CA |
In April 2007 we traveled further north and represented both the buyer and seller on Transpacific Gardens, a 106 unit apartment complex in Chico which sold for $6,100,000. This property had significant deferred maintenance, was under-utilized and as a result made this an attractive value-added deal. The buyer made capital improvements and re-positioned the property to realize its maximum potential. |
 Bridge Street Commons Yuba City, CA |
In January 2007 we closed Yuba City's Premier Property, Bridge Street Commons. The 166 unit luxury apartment complex sold for $16,250,000 and we set the record for the HIGHEST PRICE PER UNIT sale in Yuba City at $97,892. We represented both the buyer and the seller on this transaction. |
 Marconi Woods Sacramento, CA |
In December 2006 we closed Marconi Woods. The 64 unit apartment complex sold for $5,000,000 or $78,125 per unit. We represented the seller on his portfolio sale transaction. |
 Courtside Sacramento, CA |
In December 2006 we closed Courtside. The 87 unit apartment complex sold for $5,600,000 or $64,368 per unit. We represented the seller on his portfolio sale transaction. |
 Orangevale Farms Orangevale, CA |
In August 2006 we closed Orangevale Farms. The 49 unit apartment complex sold for $3,075,000 or $62,755 per unit. We represented the seller on this transaction. |
 Bonanza Suites Yuba City, CA |
In February 2006 we closed Bonanza Suites Apartments. The 54 unit apartment complex sold for $3,240,000 or $60,00 per unit. We represented the seller on this transaction. |
 Rivergate Village Sacramento, CA |
In January 2006 we closed Rivergate Village Apartments. The 140 unit apartment complex sold for $12,300,000 or $87,857 per unit. We represented the seller on this transaction. |
 Victoria Apartments Yuba City, CA |
In September 2005 we closed Victoria Apartments. The 52 unit apartment complex sold for $4,200,000 or $80,769 per unit. We represented the seller on this transaction. |
"I want to thank both of you for your successful sale in 2007 of my two apartment assets in Yuba City; Bridge Street Commons 166 units and River Oaks 148 units. Your market knowledge, ability to expose the investment opportunity to a wide number of qualified buyers, negotiating skills and management of the due diligence and escrow process were exceptional. I have interacted with many commercial brokers during my long career as a developer and investor and place your skills among the best in the industry. To that point, I would happily recommend you and your Apartment Advisory Team to any apartment owner seeking to obtain both professional representation and optimal results."
~Sincerely, Harold M. Eastridge
