Prometheus unloads Hilltop Apartments

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Marcus & Millichap arranged the sale of the 342-unit Hilltop Apartments in Richmond, Calif. The value of the transaction was $32.5 million. Hilltop Apartments, constructed in 1975, is situated on 15.6 acres at 2300 Lancaster Drive. The property's unit mix includes 242 one-bedroom and 100 two-bedroom apartments, ranging in size from 667 to 834 square feet. Redwood City, Calif.-based Prometheus Real Estate Group sold the property to a San Diego-based investment advisor. Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom. Please include the headline of the story....