Separate investors have paid well over $100 million to scoop up apartment complexes in Concord and Walnut Creek in deals where each were bought for less than their assessed value, according to documents on file at the Contra Costa County Recorder’s Office.
The 78-unit Atrium Downtown at 1812 Trinity Ave. in Walnut Creek was bought by a Fresno-based group led by Siegfried Fischer, chief executive officer of the publisher of the Valley Yellow Pages, for $31 million, documents filed on Aug. 20 show.
On July 30, Abacus Capital Group, acting through an affiliate, paid $98.3 million for the 259-unit Park Central Apartment complex at 1555 Galindo St. in Concord, according to county records filed on July 30.
The downtown Walnut Creek complex was bought for 3.4% less than its most recently discl