Cityview acquires Bay Area multifamily project

Cityview announced it has acquired Tralee Village Apartments in Dublin, Calif. The three-story, 130-unit multifamily project is spread across two buildings and sits above more than 30,000 square feet of curated ground-floor retail, including eateries and service-focused shops.

“Tralee Village was a prime opportunity to acquire a well-located, high-quality asset in a highly sought-after submarket that has experienced significant population and employment growth since the pandemic,” said Sean Burton, CEO at Cityview. “With a 95 percent average historical occupancy and robust market fundamentals, Tralee Village fits squarely in our strategy of acquiring communities in supply constrained markets with high barriers to entry at significantly below replacement cost.”

Built in 2011, the community offers spacious one-, two- and three-bedroom floor plans featuring open-concept layouts, in-unit washers and dryers, granite countertops, USB outlet ports, modern custom-wood