Arroyo & Coates Announces Newly Constructed Napa Valley Pure Apartment Play Commands Over $225,000 per Unit.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- Arroyo & Coates announced today that it acted as the advisor to the seller, BayRock Napa, LP, an affiliate of Bay Area-based BayRock Residential (www.bay-rock.com), in the disposition of Montrachet Apartment Homes. The exclusive 200-unit luxury apartment community was acquired by JPMorgan Real Estate on behalf of institutional clients for approximately $45 million. Completed in 2004, Montrachet Apartment Homes is the newest apartment community in The Napa Valley Napa Valley, Calif.: see under Napa. Napa Valley greatest wine-producing region of the United States. [Am. Hist.: NCE, 2990] See : Wine . Situated in one of the finest neighborhoods in north Napa, the community's residents are quite literally surrounded by world class restaurants, famous wineries, shopping and entertainment for which the Napa Valley is famous. This premiere apartment asset features the finest in institutional quality amenities, from spacious kitchens with black-on-black appliance packages and granite granite, coarse-grained igneous rock of even texture and light color, composed chiefly of quartz and feldspars. It usually contains small quantities of mica or hornblende, and minor accessory minerals may be present. countertops, to full-size washer washer Orthopedics A flattened disk of metal with a central hole used to distribute stress under a screw head to prevent thin cortical bone from splitting; serrated washers are used to affix avulsed ligaments, small avulsion fractures or comminuted fractures to the and dryers and even walk-in closets in every apartment home. Montrachet offers seven distinct one- and two-bedroom floorplans with an average unit size of 876 square feet and commands an average market rent of $1,507 per month. Curtis S. Gardner, Senior Vice President, and Craig P. Chiappone, Senior Sales Associate, with The Apartment Marketing Group (APTMG), a division of Arroyo & Coates, acted as exclusive advisors in the transaction. Arroyo & Coates is a full-service commercial real estate brokerage providing specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. services for corporate and private investors throughout California. The Apartment Marketing Group's website is http://www.aptmg.com. About JPMorgan Asset Management: JPMorgan Asset Management is a global asset management leader providing world-class investment solutions to institutions, individuals and financial intermediaries Financial intermediaries institution that provide the market function of matching borrowers and lenders or traders. . The firm is responsible for over $791 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , including $32 billion in real estate managed by JPMorgan Real Estate, as of June 30, 2005. With a more than 30-year history of successful investing and a staff of more than 170 real estate professionals, JPMorgan Real Estate identifies, analyzes, negotiates, acquires, develops, redevelops, renovates, operates, maintains, finances and sells commercial properties, on behalf of its clients. JPMorgan Asset Management's broad investment capabilities and framework for analyzing opportunities in today's complex real estate markets provide critical insights for its institutional clients in both the public and private markets. Real estate research at JPMorgan Asset Management draws on the work of economists, capital markets researchers, equity analysts, and fixed income specialists to closely monitor and control risk to achieve optimal risk-adjusted returns Risk-Adjusted Return A measure of how much risk a fund or portfolio takes on to earn its returns, usually expressed as a number or a rating. Notes: This is often represented by the Sharpe Ratio. The more return per unit of risk, the better. . |
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