Creekside Apartment Investors Buys Market-Rate Community in California for $11.4M

by Jeff Shaw

PITTSBURG, Calif. — Creekside Apartment Investors LLC has purchased Creekside Village, an 88-unit, market-rate seniors housing community in the Bay Area city of Pittsburg, for $11.4 million.

The gated community was built in 2003 and consists of 82 one-bedroom units and six two-bedroom units. The five buildings sit on just over six acres of land

Based in Los Angeles, Creekside Apartment Investors is a project of the managing partners of L5 Real Estate Investments and Equity Consultants Real Estate.

Rich Martini, vice president, and Bill Hillis and Curt Scheve, both senior vice presidents with Colliers International, arranged the deal on behalf of the seller, Lark Creek LLC.

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