BH Properties, a Los Angeles-based real estate investment company, is cementing its presence in Northern California with two high-profile moves. The company has not just opened a new San Francisco office but has also acquired the sprawling 60-acre Oakland campus of the recently shuttered Holy Names University, expanding its footprint in the region.
Leading the charge for BH Properties' Bay Area ventures, newly appointed Peter Horn, a seasoned real estate investment pro, according to a report by ConnectCRE. Jim Brooks, president of BH Properties, celebrated Horn's track record, "Peter is an opportunistic investor who has the expertise and relationships to uncover new opportunities throughout Northern California." Horn comes onboard after a successful stint at Soma Capital Partners, and with him at the helm, sourcing, financing, and managing assets in the region now rests on experienced shoulders.
Meanwhile, the acquisition of Holy Names University's domain is making waves in Oakland. BH Properties had sealed the deal for the scenic campus equipped with lavish facilities—a performing arts center, dorms, and a bevy of academic spaces—teed up for use, as unveiled on the company's website. Speaking on the purchase, Andy Van Tuyle, BH Properties Senior Managing Director, Investments, expressed optimism about the site's future, "We are excited to announce this long-term investment in the Oakland community...and we expect it to continue to be an asset to the community and its students for years to come."
The campus sale reflects a poignant shift for education in Oakland. Founded in 1868, Holy Names University served the community from this location since 1957 until dwindling numbers led to its closure in May. The disposal of the campus was facilitated by CBRE's Mike Taquino, Kyle Kovac, Joe Moriarty, and Giancarlo Sangiacomo. With an eye on preserving the legacy of the University, Steven Borg, Chair of the HNU Board, expressed satisfaction with having BH Properties as the buyer. "In particular, it heartens us to know that the legacy created by HNU will be carried on for future generations of learning and education at the campus for students of Oakland and the East Bay," Borg perceptibly opened up in agreement.
For those eyeing the former educational stronghold, Lee & Associates – San Francisco's reps are the go-to contacts. This transition heralds a new educational chapter for Oakland, with BH Properties at its core. The firm seems keen on maintaining the campus' historic value and educational significance, ensuring it remains a cornerstone for learning in the Bay Area.
