Ballast Adds Pacific Heights Apartments to Bay Area Portfolio
Ballast, a vertically integrated real estate investment and operating platform, has acquired Grosvenor Court Apartments in San Francisco for $31.9 million. The acquisition adds another marquee asset to Ballast’s established Bay Area portfolio and reflects its continued focus on high-quality multifamily investments in tightly held, supply-constrained submarkets.
Located at 2055 Sacramento St., the 86-unit Grosvenor Court sits directly across from Lafayette Park in Pacific Heights. The acquisition price of $370,930 per unit represented a rare offering in one of San Francisco’s most resilient rental markets.
“Grosvenor Court is the kind of asset we know well: classic San Francisco multifamily positioned for growth in a recovering market,” said Greg MacDonald, co-founder and CEO at Ballast. “We’ve spent years building a platform around these types of properties, where strong fundamentals and great neighborhoods meet real operational upside. We also invest in most of what we manage, which keeps us closely aligned with our partners.”
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout