WALNUT CREEK, CA - Sequoia Equities announces that they will start management services on K Street Flats Apartment Homes, a 176-unit, mid-rise apartment community located in Berkeley, California. Built in 2007, K Street comprises over 124,000 residential square feet. With this agreement, Sequoia will professionally manage 14,349 units across 56 communities.
K Street Flats is centrally located within the Downtown Berkeley area and is only a few blocks away from the University of Berkeley, California. The prime location boasts a walk and bike score of 99 out of 100, as its close proximity to top-rated restaurants, retail shopping boutiques, and a variety of museums, makes it a walker’s paradise. Rita Crawford, Vice President of Portfolio Management, expressed the importance of managing this asset, “A key goal for Sequoia is providing quality housing with memorable experiences for our residents. Another important goal for Sequoia is to be a strong community-focused partner, giving back to our local communities. This building allows us to bring these goals together in one; allowing us the opportunity to preserve and support affordable housing in the neighborhoods in which we operate.”
Erik Peterson, Senior VP of Acquisitions & Business Development, also voiced excitement over the opportunity, “It is exciting for Sequoia Equities to become the managing partner for HCF and California Community Housing Agency to provide middle-income housing to the San Francisco Bay Area. K Street Flats will provide a much-needed source of quality housing to those in the area who qualify under the agency’s guidelines and mandate. The community will serve an unmet need for workforce housing in an area that is culturally and demographically inclusive”.
HCF leadership shared why Sequoia Equities was the perfect fit to become a managing partner for K Street, “HCF is focused on providing best-in-class, essential workforce housing and improving the lives of our residents. We have seen the huge impact that quality management can have on a property, and we are excited to have Sequoia leading our on-site efforts. Our interaction with the Sequoia team, experiencing their attention to detail and commitment to excellence, has given us the utmost confidence that they will help us create a community that residents are proud to call home.”
About Sequoia Equities, Inc. Established in 1986, Sequoia has always remained committed to its mission of striving to make the ordinary a little more special by inspiring our employees and creating communities where people can expect more out of everyday life. Over 25,000 residents come home to a Sequoia community at the end of the day. Offering more than just great locations and comfortable residences, each community is managed by a team of professionals dedicated to creating customer experiences that are consistently memorable and truly referral worthy.