FREMONT, CA—Decron Properties has acquired Rancho Luna Sol, a188-unit multifamily community in Fremont, CA for $71.5 million.With its acquisition of Rancho Luna Sol, Decron increased itsregional portfolio to 1,054 units over six properties.
Since 2015, the Los Angeles based real estate investment companyhas steadily expanded beyond its Southern California roots,starting with its initial investments in Northern California andmore recently with two acquisitions in the Pacific Northwest in2018 and 2019.
The Northern California multifamily investment market isextremely competitive and the opportunities to acquire an assetthat fits the firm's investment strategy are difficult to find,according to Decron CEO David J. Nagel.
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