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"Cushman & Wakefield of California, Inc. has been exclusively retained as an advisor and agent to offer qualified investors the opportunity to acquire a highly sought after portfolio of multifamily assets located throughout San Francisco. The San Francisco Multifamily Portfolio (the “Portfolio”), which is 96% leased, consists of 687 units in 19 buildings located in desirable neighborhoods including, among others, Pacific Heights, Nob Hill, Russian Hill and Noe Valley.
Based on current occupancy, nearly 60% of the Portfolio's units are more than 10% below market. High occupancy and historical tenant turnover of12% per year will provide an investor with stable cash flow and significant upside over time. Each of the Properties has been well-maintained and professionally managed by San Francisco’s largest multifamily owner.
San Francisco’s irreplaceable location coupled with its supply constraints, high cost of home ownership, and near 4% vacancy make it one of the most attractive and robust rental markets in the world. A multifamily portfolio of this size and quality would take years to assemble and provides an investor with an immediate foothold in this top tier residential market." (Fonte: Global Property)
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