$9.15 Million Transaction Will Create a Combined Community of Over 100 Units in San Rafael’s Terra Linda Neighborhood
Enliven Partners LLC, a leading Bay Area-based real estate investment and development firm, has announced the successful $9.15 million acquisition of a 30-unit apartment community located at 155 Nova Albion Way in San Rafael, California. The firm completed the acquisition in partnership with Sky Alps Capital, a San Francisco-based real estate investment firm.
This strategic “tuck-in” acquisition is directly adjacent to Enliven’s existing 72-unit community at 175 and 195 Nova Albion Way, known as Nova at Terra Linda. By securing this additional building, Enliven Partners has assembled a contiguous 102-unit residential community, reaching a critical “institutional” scale rarely found in the high barrier-to-entry Marin County market.
Enliven Partners will immediately move to consolidate the operations, management and branding of the three properties. The combined 102-unit community will benefit from streamlined professional management and significant operational efficiencies.
“This acquisition is a perfect execution of our strategy to find creative ways to build scale in supply-constrained, highly competitive markets,” said Matt Myzak, Co-Founder of Enliven Partners. “By identifying the synergy between these adjacent parcels, we’ve transformed separate assets into one cohesive community. This not only allows us to provide a higher level of service and amenities to our residents, but also creates a more efficient and valuable asset for our partners.”
The closing of 155 Nova Albion Way underscores Enliven Partners’ reputation as an active and agile player in the California multifamily space. In a shifting economic landscape, the firm continues to demonstrate its ability to source and close complex deals that require a nuanced understanding of local markets and operational upside.
“We are aggressively looking for opportunities where we can apply this level of creativity,” added Myzak. “Whether it’s through assemblages, off-market negotiations or repositioning under-managed assets, Enliven is committed to being among the most active and reliable buyers in Marin County and the San Francisco Bay Area.”
