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Estate of Noted Bay Area Developer Liquidates Multifamily Holdings

Pacific Urban Investors Spends More Than $540 Million for Piece of Gerson Bakar Portfolio
Pacific Urban Investors purchased portions of the multifamily portfolio of Gerson Bakar & Associates, including the Avery at Orenco Station apartments at 6199 N.E. Alder St. in Hillsboro, Oregon. (CoStar)
Pacific Urban Investors purchased portions of the multifamily portfolio of Gerson Bakar & Associates, including the Avery at Orenco Station apartments at 6199 N.E. Alder St. in Hillsboro, Oregon. (CoStar)
CoStar News
October 20, 2022 | 11:42 P.M.

Five years after the death of the San Francisco developer of Levi's Plaza and a host of apartment complexes in the Bay Area and the Pacific Northwest, a package of multifamily properties remaining in his estate is in the process of being liquidated.

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