Northmarq’s Fresno multifamily investment sales team, led by managing director Robin Kane and SVP Brendan Kane, successfully brokered the sale of Las Villas apartments in Fresno, California for $6.2 million. The garden-style community was built in 1973 and boasts 57 units.
The seller, Fountain Way 57 LLC – a private investor based in the region – was represented by Northmarq while another private investor looking to expand their portfolio in Fresno acquired the property.
According to Robin Kane, this transaction stood out due to its prime location and potential for value-add opportunities. He also noted that Las Villas is well-positioned within the regional market with both stability and growth potential. Thanks to their strong relationships with both parties involved, Northmarq was able to provide a customized solution that met everyone’s needs.
This recent sale highlights continued interest from investors seeking properties with value-add potential in growing markets like Fresno.
