ARROYO & COATES BROKERS $21.5 MILLION SALE OF TWO APARTMENT COMMUNITIES

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REDWOOD CITY, CALIF. — San Francisco-based Kirby Sack Properties has purchased two apartment communities located in Redwood City from MJW Investments and Craig and Barbara Rogers for $21.5 million. The properties include the 64-unit Sequoia Apartments and the 48-unit Whipple Avenue Apartments. The buyer plans to renovate and combine the properties into one 112-unit property, which will be called Sequoia at Wellesley Crescent. David Silver and Ryan Wagner of Arroyo & Coates represented both parties in the transaction.

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