Sequoia Equities, Inc. Initiates Management Services for 300-Unit Multifamily Community in Concord, CA

WALNUT CREEK, CA - Sequoia announces they will start management services on Palm Lake Apartment Homes, a 300-unit, garden-style apartment community in Concord, California. Built in 1973, Palm Lake consists of 237,444 residential square feet.

The community’s central water feature and tropical vibe offer a unique rental experience to the residents in the community. Palm Lake also has a sprawling clubhouse, a fitness center, resort-style pool, and spa, plus a tot lot. Renovated homes in the community feature granite countertops & hardwood-style flooring. With this agreement, Sequoia now manages 16,915 homes across 83 communities.

Erik Peterson, Senior VP of Acquisitions & Business Development, expressed his excitement about the new opportunity, “We are thrilled to add Palm Lake to our ever-growing management portfolio and are excited to work with ownership on this asset. With almost 4 decades of property management experience, coupled with our unique brand of customer experience, we feel that Sequoia Equities has the foundational qualities to be the ideal managing partner. Our goal is to strengthen this community by serving the residents of Palm Lake, and ownership, for a very long time.”

A variety of retail stores and schools are within walking distance of Palm Lake and the community is centrally located within the city of Concord, CA. With Interstate 680, being just a few minutes away, and the light rail station only 2.5 miles in distance, the community appeals to many commuters of Bay Area employers.

About Sequoia Equities, Inc. Established in 1986, Sequoia has always remained committed to its mission of striving to make the ordinary a little more special by inspiring our employees and creating communities where people can expect more out of everyday life. Over 25,000 residents come home to a Sequoia community at the end of the day. Offering more than just great locations and comfortable residences, each community is managed by a team of professionals dedicated to creating customer experiences that are consistently memorable and truly referral worthy.