CMCT expanded its multifamily portfolio
with two 2023 acquisitions.
In the first quarter of 2023, CMCT purchased Channel House and Eleven Fifty Clay, two multifamily residential properties ideally situated in Oakland, California, with easy access to San Francisco. Oakland is a high barrier to entry market, and CMCT acquired the properties at a significant discount to replacement cost.
Nestled inside Jack London Square, a regional destination celebrated for standout dining, entertainment and recreational activities, Channel House features 333 contemporary apartments, water views, and a full range of luxury amenities.
Channel House is just steps from the ferry connecting Oakland with San Francisco, as well as the Jack London Square transit exchange, which offers transportation options by train and bus.
Similarly well-connected, Eleven Fifty Clay Street features 288 well-appointed units and scenic uptown Oakland views. The 16-story building is a short walk from the 12th Street Bay Area Rapid Transit Station, providing easy access to San Francisco and surrounding areas.
Both properties cater to today’s professionals with modern décor, ample floorplans and common space to accommodate remote work.