Walnut Creek, California (July 16, 2018) – PTLA Real Estate Group, a Walnut Creek-based private equity group, announced the acquisition of a property in Concord, California. The purchase includes a 28-unit multi-family property and a 3-bedroom single-family home on a 1-acre development site.
Just a few blocks from Todos Santos Plaza and the Concord BART station, the 1966 apartment community has prime access to transportation, shopping, and entertainment.
PTLA Real Estate Group will oversee a full renovation of both the multi-family asset and the single-family home, as well as a strategic value-add plan for the apartment community on the 1-acre parcel. PTLA will also provide long-term management for both properties, as they do for the 1300+ units in their portfolio.
The apartment building has spacious family-oriented units, a recreational pool, laundry facility, and outdoor courtyard. This closing marks the 9th East Bay acquisition for PTLA Real Estate Group since 2014, and the 2nd acquisition in the city of Concord.
ABOUT PTLA REAL ESTATE GROUP
PTLA Real Estate Group is an independent company that acquires and manages multi-family real estate with a specific focus in the Northern California market. Since 1971, we have built a team and company centered around the goal of achieving a higher standard of excellence. For more information, please visit our website at www.ptlareg.com.
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