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Multifamily Volume Surges Full Steam Ahead in 2019

Volume in major markets surged 24.8% year-over-year, led by increases of more than 40% in San Francisco last year and Reliant Group just purchased a seven-asset multifamily portfolio here for $116 million.

Villa Medanos The largest property by unit size is Villa Medanos with 112 units in Antioch.

NAPA, CA—Multifamily investment sales volume for 2018 totaled $172.6 billion (12.1% year-over-year growth), the highest annual total on record. Volume in major markets surged 24.8% year-over-year, led by increases of more than 40% in New York and San Francisco, according to a year-end report by Newmark Knight Frank.

That surging volume going into 2019 is evident with San Francisco-based Reliant Group Management’s purchase of a seven-asset multifamily portfolio. The $116 million acquisition encompassed 603 apartments totaling approximately 478,345 rentable square feet in Napa, Vallejo, Hercules, Antioch, Dublin and Hayward.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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