DALY CITY — A mega-deal that boasts a value in the vicinity of $1 billion has enabled a veteran real estate firm to buy thousands of Daly City apartments, public records show.
The apartments are located at multiple sites in Daly City, according to documents filed on Jan. 30 with the San Mateo County Recorder’s Office.
Carmel Partners, acting through six different affiliates bought the apartments in a deal valued at around $1 billion, this news organization’s review of several county records shows.
The massive deal suggests that veteran real estate investors continue to hunger for commercial real estate in the Bay Area, despite a widening array of economic