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Abacus Capital JV Sells Multifamily for $68 Million

Marcus & Millichap Brokers 492-Unit Deal
By Luis Armendariz
February 16, 2011 | 8:52 P.M.

Abacus Capital Group in partnership with QVT Mount Auburn Capital LP sold the Enclave at Adobe Creek, a 492-unit apartment complex in Petaluma, CA, for $68 million, or nearly $138,211 per unit. The sale comes less than 18 months after Abacus purchased the property for $52 million.

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