Village Lake Apartments, Mountain View

Status: Completed Projects

We acquired a 208 unit apartment building next to the Google headquarters in Mountain View, CA. The business plan was to re-entitle the 9.8 acres to higher density (500+ units) and offer 30% of the units as affordable.  However, development of any kind is risky in California, and protestors delayed the process by years. As a result, investors received 80% of their capital. Lesson: We no longer do business in California, sadly.

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