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Private Investor Acquires Two Bay Area Properties in 1031 Exchange
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Private Investor Acquires Two Bay Area Properties in 1031 Exchange
Levin Johnston of Marcus & Millichap directed the acquisitions of two Bay Area multifamily assets totaling 70 units for $24.35 million. The single buyer, a private investor, invested proceeds from the recent sale of a three-property portfolio as part of a 1031 exchange. The transactions were completed by Levin Johnston executive managing directors Robert Johnston and Adam Levin and associate director investments Jessica Tomasetti. The properties…
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