Cityview Elevates Portfolio with Strategic Acquisition of Tralee Village in Thriving Dublin Market
Cityview, a distinguished multifamily investment management, and development company, has strategically expanded its portfolio with the acquisition of Tralee Village Apartments in the pulsating heart of one of California’s fastest-growing cities, Dublin. The procurement of this 130-unit multifamily project signifies a robust step forward for Cityview, as it embodies both the resilient market demand and the company’s adeptness in identifying prime real estate opportunities.
Tralee Village is not merely a residence but a harmonious blend of comfort and convenience, sprawling above 30,000 square feet of specially curated ground-floor retail space—a testament to Cityview’s commitment to cultivating community-focused living spaces. According to Sean Burton, CEO of Cityview, “Tralee Village was a prime opportunity to acquire a well-located, high-quality asset in a highly sought-after submarket that has experienced significant population and employment growth since the pandemic.” The property is a model of multifamily excellence with a sterling occupancy history and is perfectly aligned with Cityview’s tactical approach to investing in supply-constrained markets.
With its foundation laid in 2011, Tralee Village exudes contemporary living, offering a range of amenities and the optimal blend of urban and suburban lifestyle sought after by modern residents. From spacious floorplans adorned with granite countertops and stainless-steel appliances to the allure of vaulted ceilings and expansive windows in select units, the property does not pause at merely meeting the status quo.
Cityview’s vision extends beyond acquisition, with a comprehensive renovation plan set to elevate the property’s interiors and common areas. The goal is to reshape Tralee Village into a paragon that rivals even the newest Class A communities, a reflection of Dublin’s own ambitious transformation encapsulated in the Downtown Dublin Preferred Vision project. “With a 58% population increase from 2010 to 2020, and 10,000+ new residents expected by 2033, Dublin’s multifamily market is experiencing growing demand and shrinking supply, making this a prime area for investment,” noted Burton. Cityview’s endeavor not only underscores market potential but also spotlights its expertise in redefining multifamily living spaces.
Residents of Tralee Village will find themselves at the confluence of accessibility and business growth, with easy commutes to the Bay Area’s premier business hubs and a local environment that thrives on innovation, education, and community expansion. This strategic locale harnesses the essence of multifamily success—location, lifestyle, and long-term value.
Cityview entrusts the property management to Westhome, an affiliate of Cityview, ensuring the integrity of their brand of excellence. The orchestration of the deal by Jason Parr at Berkadia signals the multifamily market’s continuous momentum and the agility of firms like Cityview to navigate and capitalize on it with precision.
This strategic move by Cityview isn’t just an investment in property—it’s an investment in the future of multifamily living, where inspired design and thoughtful community integration set a new standard for residential excellence. The reinvention of Tralee Village is set to be a beacon of multifamily innovation, encapsulating the transformative spirit of the industry.