1150 Clay 1150 Clay's keyfeature will be a large rooftop deck offering expansive Bay andcity views.

OAKLAND, CA—Investors are eying a significant rental arbitragein the East Bay, targeting multifamily properties in East Oakland,Berkeley and the Fremont/Hayward corridor, according to a report byMarcus & Millichap. While the rent spread between East Bayassets and the broader Bay Area continues to contract rapidly, theexceptional valuation gap should encourage further capital flowsinto the metro.

And, adding more properties to the mix provides a furtheropportunity for these would-be investors. One current example is1150 Clay, a 16-story 288-unit multifamily building located between11th and 12th streets in downtown.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.