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WALNUT CREEK, CA-Ezralow-Capital Valley Investments of Rocklin, CA has acquired the 316-unit Whispering Oaks apartment complex from Chicago’s Equity Residential REIT for $48 million in a transaction that holds potential for rent growth at the complex through a renovation program. Mark Leary of the San Francisco office of Atlanta-based Apartment Realty Advisors, who represented the seller along with Curtis Gardner of ARA’s San Francisco office, tells GlobeSt.com: “The property’s location provides the opportunity for Capital Valley to increase rental rates through a renovation program. The highly sought-after class A location within the East Bay, coupled with a stable collections history and a strong value-add play, made this a logical acquisition for the group.”

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