JSB, Faulkner Buy Bay Area Asset, Eye Affordable Conversion

The 1976-completed property underwent renovations prior to the sale. JSB Capital Group and Faulkner Capital Partners have purchased Bayfair Apartments, a 135-unit multifamily property in San Lorenzo, Calif., with plans to designate part of the apartments as affordable housing. Fuller Enterprises previously owned the asset, Yardi Matrix data shows. Berkadia...