Levin Johnston Announces 11 Multifamily Investments in Six Cities Totaling over $33 Million

 Adam Levin

  BAY AREA, CA– Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, has announced the successful completion of 11 multifamily transactions comprising over 80 units, totaling over $33.3 million in the Bay Area of California as employers and educational institutions in the area resume new hybrid schedules.

 “Levin Johnston specializes in identifying the best performing multifamily markets and assets in California on behalf of our clients,” says Adam Levin, Executive Managing Director of Levin Johnston.

  “Our depth of knowledge in this region enables us to offer our clients a vast understanding of macro and micro trends, helping them to secure properties that will deliver stable returns for years to come.”

Robert Johnston

 

Levin notes that recent employment gains have greatly increased the demand for multifamily properties, as tech employers in the Bay Area increasingly offer remote or partially remote jobs to retain and attract workers.

With employment rates steadily increasing, national multifamily vacancy rates decreased 3.8% in the second quarter, strengthening demand throughout this product type.

 “We are fortunate to specialize in an area that has long benefited from a thriving workforce, driven by major employers such as Twitter, Zoom, Adobe, Netflix, and Brocade Communications, among many others,” added Robert Johnston, Senior Managing Director of Levin Johnston.

 “As local workers adjust to new home and office schedules, multifamily demand is positioned to continue its rapid rise. "

 We seek further value for our clients by identifying properties in close proximity to colleges and universities, which will benefit from long-term student demand.”

CONTACTS:

Arleeny Escarcega / Jenn Quader

Brower Group

(949) 438-6262

aescarcega@brower-group.com

 levinjohnston.com.