FREMONT – A large apartment complex in Fremont with hundreds of homes was bought by a veteran real estate agency in the Gulf region with a national scope in a deal that exceeded $ 125 million.

Pathfinder Village Apartments at 39800 Fremont Blvd. was purchased by a subsidiary that is affiliated with Pacific Urban Investors, an active investor in apartment complexes in the United States.

Pacific Urban paid $ 127 million for the complex, according to documents filed May 3 at the Alameda County office.

The 246-unit residential deal shows that investors are still hungry for residential property in the Gulf region.

Palo Alto-based Pacific Urban Investors also received a $ 63.1 million loan from Berkeley Point Capital during the deal to help fund the purchase, according to county records.

Big Fremont apartment complex bought for more than $125 million

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