WALNUT CREEK An apartment complex with hundreds of units near the Walnut Creek BART station has been bought for less than its assessed value in a sign that values for multifamily residential properties are drifting lower. Waymark, a residential hub that was built in 2020, has been bought for $190 million, according to documents filed on Aug. 29 with the Contra Costa County Recorder's Office. Waymark, a 358-unit apartment complex at 101 Pringle Avenue near the BART station in downtown Walnut Creek.
I am very happy to see Joe Gormley take the helm at Ginnie Mae as Executive Vice President and Chief Operating Officer... His leadership will bring stability and strength to this segment of the housing market.