Allrise Capital has gained full control of a portfolio of mixed-use real estate properties and sites in San Francisco and Berkeley through the acquisition of its minority partner’s interest. The global investor now has 100 percent ownership of six development projects with a combined developable value of more than $500 million.
“Gaining full ownership of the portfolio provides us with the ideal opportunity to utilize our expertise in transforming underutilized properties and sites into successful assets that bring value not only to our partners, but the neighborhoods and communities in which they are located,” noted Ruslan Zinurov, CEO of Allrise Capital. “Given the continued strength of the residential market in San Francisco — despite the challenges of a global pandemic — we envision the creation of several multipurpose buildings comprised of more than 800 residential units over the next several years.”
The multifaceted deal was comprised of many movi
