ArtHaus Partners, Belay Investment Group buy San Francisco’s Terraces apartments for $25M

  • ArtHaus Partners, partnered with Belay Investment Group, acquired The Terraces, a 117-unit multifamily property in San Francisco, for USD 25 million.
  • Deal values the asset at USD 212,000 per unit, or USD 270 per gross square foot, giving ArtHaus an entry into the San Francisco market.
  • The 13-story, 1975-built, rent-controlled building includes 17,000 square feet of vacant retail space, 30 dedicated retail parking spaces, and 55 residential spaces.
  • Business plan targets a structural retrofit, renovations, and a repositioning under the ArtHaus brand.
  • Equity Residential bought the property for USD 30.4 million in 2011, before divesting.


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