JSB Capital Group, Faulkner Capital Partners Buy 135-Unit Bayfair Apartments in San Lorenzo for $31.1MM
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed multifamily deal value tracked in November 2026: $13.1B across 58 reported transactions. All Multifamily coverage →
Computed from Real Estate Trail’s own tracked coverage
JSB Capital Group and Faulkner Capital Partners have acquired the 135-unit Bayfair Apartments in San Lorenzo for $31.1 million, about 10 percent below its April 2025 asking price, using a $23.2 million Fannie Mae loan…
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