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July 20, 2019
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NORTHERN CALIFORNIA NEWS
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Reliant Group Closes $116 Mil NoCal Res Portfolio Buy

4/18/19

San Francisco-based Reliant Group Management purchased a portfolio of seven apartment communities, located in the cities of Napa, Vallejo, Hercules, Antioch, Dublin and Hayward, for $116 mil. The portfolio contains 603 apartment units totaling 478.3k sf.

Richard Knutson, CCIM, Anthony Pappageorge, Zach LeBeouf and Will Thomas with Newmark Knight Frank represented the unnamed seller in the deal.

According to Knutson, “Portfolio deals of this size and scope are historically complicated when they involve just two or three properties. However, when you are dealing with seven assets in four separate counties, it’s both extremely intricate and rare.” The listing generated 10 purchase proposals.





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