Month: April 2016

Multifamily Investor Sells Apartment Community in Hot Silicon Valley Market for Significant Gain

By David Saxe / April 20, 2016

SUNNYVALE, CA – Calvera Partners announced that it has sold the 42-unit Maude Gardens apartment building in Sunnyvale, CA for $14.8 million ($352,000/unit) to an undisclosed buyer. Calvera purchased the property in 2011 for $6.05 million. Upon taking ownership, Calvera re-branded the property and initiated their repositioning strategy under which they renovated the vast majority…

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