Walnut Creek Apartments Score Construction Funding
The 178-Unit Landing at Walnut Creek got $70M in JV equity to get built. HFF worked on behalf of the developer, BHV Centerstreet Properties, to source the equity from a US-based life insurance company. The project sits at Ygnacio Valley Road and Oakland Boulevard across from the Walnut Creek BART station. Due for completion in late 2016, the transit-oriented development will have four levels above a 223-space parking garage. Community amenities include a fitness center, yoga studio, roof deck with lounge and outdoor resident activity areas. The HFF equity placement team repping the developer was led by senior managing director Bruce Ganong and associate director Adam Simon.