Arroyo & Coates Represents Archstone-Smith in the $43,750,000 Sale of Archstone Ironhorse Trail Apartments in Dublin, CA
June 30, 2006

DUBLIN, CA - Arroyo & Coates announced today the $43,750,000 sale of Archstone Ironhorse Trail, a 177 unit luxury apartment community in Dublin, CA; a price of over $247,000 per unit.

Located at 6233 Dougherty Rd, Archstone Ironhorse Trail Apartments is convenient to the Dublin/Pleasanton BART station and to the intersection of Interstates 580 and 680. Built in 2003, the community features a pool, spa and fitness center. The property offers a mix of 1, 2 and 3 bedroom units ranging in size from 705 to 1,400 square feet. Each unit includes a gourmet kitchen, walk-in closet and a private deck or patio, while some units also include private garages and exterior storage.

Curtis Gardner, Pedro Arroyo, and David Silver of Arroyo & Coates exclusively represented the seller, Archstone-Smith, in the transaction.