Partnership Seeks Long-Term Institutional Assets
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The partnership has assembled a portfolio of 45 properties including one located at 610 Leavenworth.
SAN FRANCISCO—The walkable infill neighborhoods of San Francisco, representing a range of housing options, are exhibiting the low vacancy rates and demographic factors that support long-term demand. While there has been increased commercial real estate construction, the Bay Area’s development-constrained marketplace tends to favor local neighborhood character and existing properties.
After acquiring 16 residential properties for approximately $200 million as part of an execution of a residential property aggregation strategy, Canadian-based Ivanhoé Cambridge and Veritas Investments Inc. now jointly own a total of 45 properties. This exclusive partnership was created in 2014…
