Bayside Buys Interests in Bankrupt Multifamily

OAKLAND, CA-The company acquires controlling interest in 20 affordable and seniors housing properties totaling 2,135 units in A.F. Evans' bankruptcy.

By Bob Howard | Updated on April 26, 2011

OAKLAND, CA-Bayside Communities LLC has acquired the general partner interests in 20 multifamily properties totaling 2,135 units that were part of bankrupt A.F. Evans Development Inc.’s affordable/senior housing portfolio. In addition, Bayside expects to acquire general partner interests in another 12 properties from the A.F. Evans portfolio as consents are obtained in the next few weeks. Bayside bought the interests directly from A.F. Evans as debtor in possession, for an undisclosed price.

Included in the deal was the property management arm of the bankrupt development company, Evans Property Management Inc. It will operate as EPMI, a Bayside Company, under the management of Debbie Weber.

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