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Woodmont Adds Palmetto Apartments to its South Bay Portfolio

MOUNTAIN VIEW, CA (August 2009) – Woodmont Real Estate Services, the premier real estate management firm in Northern California, is pleased to announce it has added Palmetto Apartments (formerly Regal Palms) to its South Bay portfolio.

 

The 88-unit property, located on California Street in Mountain View, originally built in 1964, was acquired by new owners in September 2009 and is currently undergoing a major market repositioning and extensive landscape, interior and exterior renovations. 

 

“We were pleased with the opportunity to purchase a community with such positive potential in a challenging economy.  We are very happy with Woodmont’s professional management style and impressed with their knowledge of the market and ability to offer creative and solid ideas on how to position Palmetto,” said new Palmetto owners.

 

Palmetto offers one, two, three and four bedroom apartment homes, which range from 700 square feet to 1,400 square feet.   Interior and community features include dual pane windows, hardwood-style flooring, private patios, and swimming pool. Comprised of eight buildings on over three acres, the property benefits from exposure along the main Mountain View street and is centrally located to a variety of shopping, dining, and recreation options.

 

Woodmont Real Estate currently manages over 24 properties throughout the South Bay region.

 

About Woodmont
Woodmont Real Estate Services (WRES) is the largest independent real estate management firm in Northern California, specializing in portfolios consisting of office, retail, commercial, industrial, and multifamily properties. With over four decades of industry experience and the distinct advantage of a regional focus, Woodmont Real Estate Services currently manages 10,000 residential units and over 7,200,000 square feet of commercial space. Woodmont Real Estate Services is based in Belmont, CA with regional offices in San Mateo, Santa Rosa, and Sacramento. For more information about the company, please visit www.wres.com.