SANTA CLARA, CA - SummerHill Apartment Communities announced that it has sold Prado Apartments, a 251-unit transit-oriented multifamily community located in Santa Clara, CA for $125 million. The site was sold to PCCP of San Francisco, CA and Alliance Residential Company of Scottsdale, AZ.
Located at 3560 Rambla Place, Prado is a seven-story building comprised of 251 residential units that include both one and two-bedroom apartments that was completed in 2021 and is part of the Nuevo.
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SAN RAMON, CA – SummerHill Housing Group, the umbrella organization for SummerHill Homes, an award-winning residential builder, and SummerHill Apartment Communities, an apartment, mixed-use infill rental housing developer, today announced that Douglas L. McDonald has been promoted to President of SummerHill Apartment Communities. SummerHill Apartment Communities recently completed construction and is in the process of leasing up two apartment communities totaling 373 units in Pasadena (Los Angeles County) and Burlingame (San Mateo County), California. The company is under construction on four apartment communities in the San Francisco Bay Area totaling 967 units in the cities of Milpitas, Mountain View, Santa Clara and South San Francisco. The company is also in the entitlement process on 10 apartment communities in California and Washington totaling over 2,800 units located in the cities of Bellevue, Burlingame, Carlsbad, Milpitas, Pasadena and Santa Clara.