The Roxborough Group Closes on $109.4 Million Acquisition of 246-Unit Apartment Community in Fremont, California

SAN FRANCISCO - October 29, 2026 - Affiliates of The Roxborough Group, LLC ("Roxborough") have acquired Bidwell Park, a 246-unit apartment community in Fremont, California, for $109.4 million.

Bidwell Park is located at 39800 Fremont Boulevard. It is currently 95% occupied.

The property features an attractive mix of two- and three-bedroom units, 80% of which feature two bathrooms, making them appealing floor plans to both families and roommates. Community amenities include an extensively renovated clubhouse, a well-equipped gym, a pool with an oversized deck and an outdoor grilling station. The community also offers residents in-unit washer/dryers and air conditioning.

"The acquisition of Bidwell Park aligns with Roxborough's strategy of acquiring infill apartment communities at significant discounts to replacement cost in markets with high barriers to entry and increasing demand," said Michael Pence, head of multifamily acquisitions at Roxborough. "Centrally located in Fremont - a city widely celebrated for its top-tier schools, family-friendly community and significant industrial and advanced manufacturing footprint - Bidwell Park offers seamless access to an abundance of jobs across the East Bay, Silicon Valley and the Peninsula. Plus, residents have easy access to two BART stations, offering a direct connection to Oakland and San Francisco."

As of today, there are no market-rate apartment communities under construction in Fremont, and we believe the high cost of new residential development provides Bidwell Park with a strong buffer against competition. With no new supply and concessions evaporating, the Fremont rental market has delivered strong operating performance, and Bidwell Park is positioned well to continue to deliver similar performance in the years to come.

Sares-Regis Group will provide property management services. The brokerage firm Institutional Property Advisors represented the seller, and Newmark Group, Inc. facilitated both the assumption of the existing financing and placement of supplemental financing.

Bidwell Park represents Roxborough's second multifamily acquisition in Northern California within Roxborough Fund III, L.P., a $518-million discretionary fund focused on opportunistic and value-add investments. Roxborough's portfolio includes more than 3,000 rental housing units across its active investment funds.

About The Roxborough Group, LLC

The Roxborough Group, LLC ("Roxborough") is a San Francisco-based real estate investment group focused on unlocking value from investments targeting dynamic markets with durable economic drivers and strong demographic tailwinds. As a trusted capital partner with a flexible mandate, Roxborough employs a disciplined, thematic, research-driven investment approach that integrates macroeconomic trends, asset-level fundamentals, and event-driven dislocations to identify compelling opportunities on a risk-adjusted basis. Roxborough invests both directly and through partnerships with experienced operators, pursuing a range of value-add, opportunistic, and longer-duration strategies. For more information, please visit www.theroxboroughgroup.com.