SAN FRANCISCO—Virtu Investments has soldStation House, a 25-unit apartmentcomplex at 6 Mint Plaza, for $21.5million. Both the seller, and buyer,Veritas Investments, reside in San Francisco.
Jordan Moss, Michael Thomas and TobyCostello of CBRE Capital Markets' SanFrancisco multifamily team represented both parties in thetransaction.
“We received strong interest with five offers, but Veritas waswilling to stretch to put forth a highly creative and competitivebid,” said Thomas, vice president, multifamily, CBRE. “With theireconomies of scale, and the apartments mapped as condominiums, theyhave good operating efficiencies and a unique exit strategy.”
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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.
