LARKSPUR, CA - Catalyst Housing Group has acquired two multifamily housing communities in Antioch and Dublin, expanding their innovative housing model across the East Bay. The transactions, completed in partnership with the California Community Housing Agency (CalCHA), will permanently transition the currently market-rate properties into rent-restricted housing serving middle-income households.
Catalyst s properties target the missing middle – those who earn in excess of traditional affordable housing limits yet struggle to afford market-rate housing. We re proud to deliver critical affordability and sustainability to Antioch and Dublin, said Jordan Moss, Founder of Catalyst Housing Group. Both acquisitions provide opportunities to further our mission of housing California s nurses, teachers, first responders and civil servants directly within the communities they serve.
Catalyst, CalCHA Acquire 2 California Communities for $231M
The partnership will convert nearly 600 units into rent-restricted apartments for middle-income households. Apr302021
Image courtesy of Catalyst Housing Group
Catalyst Housing Group, in partnership with California Community Housing Agency (CalCHA), has continued its plans to bring more middle-income units to California following the acquisition of two communities.
Catalyst acquired Aster in Dublin, Calif., for $163 million and Mira Vista Hills in Antioch, Calif., for $68 million.
Jordan Moss, founder of Catalyst, told
Multi-Housing News that the company acquired the 92 percent-occupied Aster from Bay West Development and Berkshire Residential Investments, while the 96 percent-occupied Mira Vista Hills was purchased from Reliant Group.