Roxborough Group bought the 246-unit Bidwell Park community at 39800 Fremont Boulevard from Pacific Urban Investors for $109.4M, The Real Deal reported October 26, citing Mercury News.
The article reports approximately $444,500 per unit, about 65% above the cited East Bay average near $270,000. Dividing the rounded $109.4M total by 246 gives about $444,700 per unit; the reported figures are approximate.
Kidder Mathews reported Bay Area multifamily vacancy of 3.8% in Q3, versus 4.0% in Q2 and 4.8% a year earlier. The regional construction pipeline contained 19,156 units, up 28% year over year. The region’s largest Q3 sale was KKR’s $346.5M purchase of the 636-unit Lynhaven community in San Jose.
These regional statistics provide market context, not Bidwell Park’s property-level occupancy or the buyer’s underwriting. Low regional vacancy may support pricing, while the construction pipeline merits monitoring. Seller basis, buyer financing, property rents and yield were not disclosed.
Key Takeaways
- The sale’s reported per-unit price is about 65% above the cited East Bay average; this is a comparison, not proof of the buyer’s underwriting assumptions.
- Bay Area vacancy was 3.8%, while 19,156 units were under construction. Seller basis, property occupancy, buyer financing and yield were not disclosed.
The Real Deal, Roxborough Group buys Fremont apartments for $109M in latest East Bay multifamily sale, Oct. 26, 2026 (citing Mercury News, Marcus & Millichap, Kidder Mathews)
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