Berkadia has secured a joint venture equity partner for the development of Aurum, a 336-unit multifamily project in Fremont, California, strategically positioned near major technology employers.

Information on the Target

Berkadia recently secured a joint venture equity partner for the development of Aurum, a 336-unit apartment complex in Fremont, California. This development represents the final phase of a 966-unit multifamily project situated adjacent to the Warm Springs BART Station. The strategic location positions Aurum to cater to the growing housing demand driven by local employment opportunities.

Scheduled for completion in 2027, Aurum will feature a five-story, elevator-served building with 336 apartment homes, over 600 structured parking spaces, a fitness center, and a resort-style swimming pool. Additionally, it will include approximately 4,900 square feet of retail space on the ground floor. This project is poised to enhance the residential offerings in the area significantly.

Industry Overview in California

The multifamily housing market in California has been increasingly characterized by a growing demand for high-density living options, especially in urban areas. The state's real estate landscape continues to evolve as more people migrate towards hubs of tech