Property Types Multi-Family
Nov 4, 2008
The San Francisco Bay market proves fruitful territory for acquisitions for Henderson Global as the Chicago-based independent investment manager picks up an office property and a multi-family community in a joint venture with Glenborough L.L.C. Acting on behalf of its core open-end commingled fund, Henderson Property Fund, Henderson teamed with Glenborough to purchase Corporate Terrace, a 77,000-square-foot office property in downtown Lafayette, through Henderson's Manager of Partner's Program. In Antioch, Henderson acted on behalf of its value add multi-family fund CASA IV in the joint venture acquisition of the Montego Ridge Apartments. Formerly known as Runaway Bay Apartments, the 280-unit multifamily property will undergo renovations at the hands of the new ownership. Financial terms of the transactions were not disclosed.
The San Francisco Bay market proves fruitful territory for acquisitions for Henderson Global as the Chicago-based independent investment manager picks up an office property and a multi-family community in a joint venture with Glenborough L.L.C. Acting on behalf of its core open-end commingled fund, Henderson Property Fund, Henderson teamed with Glenborough to purchase Corporate Terrace, a 77,000-square-foot office property in downtown Lafayette, through Henderson's Manager of Partner's Program. In Antioch, Henderson acted on behalf of its value add multi-family fund CASA IV in the joint venture acquisition of the Montego Ridge Apartments. Formerly known as Runaway Bay Apartments, the 280-unit multifamily property will undergo renovations at the hands of the new ownership. Financial terms of the transactions were not disclosed.
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