52 – Unit Hayward Property Sells for $18.75mn

Lakeview Land Partners, an Oakland based multifamily housing investment company, has purchased The “Mission Bay Condominiums,” a 52-unit townhouse style apartment community in Hayward, California. South Hayward is a rapidly expanding commuter neighborhood, bustling with residential development, retail transformation, and transit oriented housing. Mission Bay’s proximity to the South Hayward BART station and a short distance from Cal State East Bay enhance the value and opportunity for this property. The property was constructed in 1988 and consists of large one and two-bedroom townhouse style apartments. The units were designed with condominium quality amenities featuring dishwashers, wood-burning fireplaces, in-unit washer/dryer, forced air heating, private patios & balconies and dual glazed windows. Each unit has an attached private garage, and many have covered parking for an additional vehicle. The common areas include a well kept pool and spa with a clubhouse. The property is accessed via gated entry on both Dixon Street and Mission Boulevard and is equipped with a on site leasing office.

Lakeview Land Partners has plans for a full remodel of the building’s interior common areas, and many apartment units. “We are thrilled to be buying this beautiful property in South Hayward and the great neighborhoods surrounding it. The property location and building architecture will continually draw students and professionals as tenants, and we plan to improve on what is already there” stated managing partner Joel Kelly.

Mission Bay will be managed by Lakeview Land Partners, LLC who will be responsible for all day-to-day operations of the property. Bay Apartment Advisors will be responsible for all property management functions including maintenance, leasing and accounting.

Joel Kelly

Managing Partner

Joel is a managing partner of Lakeview Land Partners and the president of Bay Apartment Advisors, a brokerage and property management firm based in Oakland, CA. Joel and his company oversees the property management for these investments. Joel started his career in apartment building brokerage in 2001 with Marcus & Millichap, a national brokerage firm. He worked in the San Francisco and Oakland offices for that firm and ranked in the top 3 brokers (Oakland Office) before he moved to Cassidy Turley Commercial (Formerly BT Commercial) in 2006, where he was the highest producing apartment agent in the Oakland office and top 3 multi-family agent in the firm.

Joel has overseen the sales/transactions of $1 Billion in apartment buildings in the San Francisco Bay Area, predominantly in the East Bay. He has represented developers, REITs, banks, and private clients. Joel oversees the ownership and management +/- 800 apartment units located in the East Bay Area and Bay Apartment Advisors is one of the top brokerage & property management firms in the region. Joel serves on the Board of Directors for The Jobs & Housing coalition (JHC) in Oakland and formerly served on the board for directors for The East Bay Rental Housing Assn. (EBRHA).

Joel graduated from UC Santa Barbara in 1998 with a Bachelor of Science in Urban Geography. Joel lives in Orinda Ca. with his wife Jessica and their two children.

Christopher C. Curtis

Managing Partner

Chris is a managing partner of Lakeview Land Partners and a development partner with Bay Apartment Advisors Investment Division and oversees asset management for the investment. Chris brings over 30 years of experience in all facets of investment real estate including residential, office, industrial, retail and hospitality properties. He began his career as an apartment broker for Coldwell Banker in the Oakland and Contra Costa markets and assembled a portfolio of small properties for his own account. He then became an office leasing broker with Cushman & Wakefield in San Francisco and was hired by Equitable Real Estate as leasing manager for One Market Plaza. He went on to become San Francisco Regional Asset Manager for Equitable with asset management responsibility for 36 million square feet of office, industrial, retail and hospitality properties located in 7 western states and Hawaii. Prior to joining Lakeview Land Partners, he was a senior Vice President and Leasing Manager at Shorenstein Company for 10 years, responsible for marketing and leasing class A high-rises in various cities across the nation including the John Hancock Center and Prudential Plaza in Chicago, Phoenix Plaza in Phoenix and Oakland City Center.

Chris was a Trustee of the Oakland Museum of California Foundation and served on the Renovation Committee. He was also very active in the formation of the two Oakland business improvement districts and was Vice President of both the Lake Merritt/Uptown Community Benefit District and the Downtown Oakland Association. Chris holds a J.D. from Golden Gate University School of Law and a B.A. from University of Redlands.