New Standard Equities Acquires 78-unit For $30M – Property Rebranded as “Fusion”

Acquired in August 2021 for $30 million, the 78-unit apartment community in Fremont, CA was rebranded as “Fusion,” and with roughly $2.2 million capital expenditures will be repositioned to compete alongside New Standard Equities’ other holdings in the Bay Area. NSE raised over $8,000,000 in equity from private investors seeking to capitalize on the firm’s market knowledge and matched this with $24,250,000 of floating rate debt.

As with all its acquisitions, NSE plans on driving revenue growth through professional, technology-driven management practices. The firm has also called on its network of skilled local contractors and designers to execute interior and exterior renovations to meet resident demand for an exceptional apartment community experience. This commitment to quality—which NSE calls its “Just Right” Living™ promise—not only provides residents with superior living, but also maximizes investor returns.

This is NSE’s fifth acquisition in the San Francisco Bay area and the second in Fremont itself.