Camden Pacific Partners, The Roxborough Group Buy 243-Unit Union Flats in Union City for $81.6MM - The Registry

Camden Pacific Partners, The Roxborough Group Buy 243-Unit Union Flats in Union City for $81.6MM - The Registry

By The Registry Staff A large apartment complex in Union City has a new owner. The Union Flats, a 243-unit property, was acquired for $81.6 million, or approximately $335,802 per unit, by a partnership of California-based real estate investors, according to a report from The Mercury News. The buyer was an entity affiliated with a […] The post Camden Pacific Partners, The Roxborough Group Buy 243-Unit Union Flats in Union City for $81.6MM appeare…

Union City apartment property purchased well below assessed value

UNION CITY — An East Bay apartment complex with hundreds of units was bought in a deal that points to an uncertain multifamily residential market in this part of the region. The Union Flats, a 243-unit multifamily property in Union City, was acquired for $81.6 million by an alliance of California real estate investors, according to documents filed on March 28 with the Alameda County Recorder’s Office. That price is 18.4% below the $100 million v…