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GID INVESTMENT ADVISERS ACQUIRES 284-UNIT APARTMENT COMPLEX

EMERYVILLE, CALIF. — GID Investment Advisers LLC, on behalf of Windsor Realty Fund-V LLC, has purchased Metropolitan Apartments, a 284-unit apartment community located in Emeryville, for an undisclosed price. Located in the commercial core of Emeryville, the property will be renamed Bay Street Apartments by Windsor. Built in early 2007, the property consists of five levels of residential units and parking situated on top of a portion of Bay Street Emeryville, a 325,000-square-foot mixed-used project. The complex offers one- and two-bedroom units with an average unit size of 966 square feet. A portion of the units are rent restricted and have been set aside for residents earning below area median income. The residences include 9- to 14-foot ceilings, solid maple cabinetry, granite countertops, and full-size washers and dryers. Additionally, the property features a private pool and spa, a fitness facility and a business center.

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