Downtown Berkeley apartment complex bought by East Bay investor

Downtown Berkeley apartment complex bought by East Bay investor

BERKELEY — The Dwight apartment complex in downtown Berkeley was bought by an East Bay real estate investment firm that seeks to create affordable housing for the region’s workforce. Related Articles Pro-housing nonprofits file amicus brief in support of developers in Los Gatos Redwood City considers 21-story tower to serve older residents Sale of apartment hub with hundreds of units near East Bay …

Riaz Capital Buys 99-Unit The Dwight in Berkeley for $37.8MM

By The Registry Staff An apartment complex in Berkeley has traded hands. Riaz Capital, an East Bay real estate investment firm, has acquired The Dwight, a 99-unit apartment complex in the city’s downtown, for $37.8 million, or about $381,600 per unit, with the intention of converting the property into affordable workforce housing, according to a […] The post Riaz Capital Buys 99-Unit The Dwight in Berkeley for $37.8MM appeared first on The Regis…