DAVIS, CA—Atlanta-based ARA, the largestprivately-held, full-service investment advisory brokerage firm inthe nation focusing exclusively on multifamily, has completed thesale of Seville at Mace Ranch Apartments inDavis.
The property, an 84-unit quality communitybuilt in 2001, is 15 years newer than the averagemultifamily property in the Davis market, providing a betterquality product than the competition.
The ARA Pacific team, led by SanFrancisco-based principal, Mark Leary, served asthe exclusive advisors on the transaction. According to ARA'sLeary, “situated in a market with high barriers to entry, Sevilleat Mace Ranch presents the Buyer with a great opportunity to takeadvantage of a strong rental market that has recently seensignificant rent appreciation. With its larger floor plans anddirect access garages, the property presents the market with adifferent option then its competitors.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
