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Rich Martini | Colliers | Walnut Creek

Rich Martini

Executive Vice President

License # CA01505297

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About

Professional Summary

Area Of Specialization:

Rich is a Executive Vice President in Collier's Capital Markets Group.  He specializes in assisting clients with a wide array of investment requirements and strategies specific to apartment properties throughout both Alameda and Contra Costa Counties.  Rich has extensive experience advising private clients and investment groups on disposition and acquisition strategies, including advising on 1031 exchanges, as well as sourcing and marketing development sites for both market rate and affordable housing developers throughout the  greater Bay Area.  In addition, Rich has experience underwriting, marketing and selling residential subdivision land throughout Norhern Callfornia.

Career Background:

Rich Joined Colliers International after 4 years at Kilpatrick & Company, where his focus was working with apartment owners and investor clients to realize their multi-family investment objectives. In addition, Rich brings over 25 years of experience in the business and sports world to Colliers International. Prior to joining Kilpatrick & Company, Rich was the President/Managing Director of Velocity Sports Performance, a sports training company located in the Tri-Valley area. Prior to starting Velocity in February 2004, Rich founded San Leandro based Diamond Micro Solutions in 1982 and served as the CEO/President of this IT Systems Integration company until 2002.

Prior to his years with a technology start-up, Rich spent 5 years in the National Football League as a wide receiver for the Oakland Raiders and New Orleans Saints from 1977 – 1981. The highlight of his career includes an appearance in Super Bowl XV with the World Champion Oakland Raiders.
 

Accomplishments

Representative Multifamily Transactions:

- Represented the Seller and Buyer in the sale of a 25-unit apartment property in San Leandro, CA - $6,875,000

- Represented the Seller in the  sale of 15-unit single family & bungalow property in Emeryville, CA - $4,925,000

-Represented the Seller and Buyer in the sale of a 12-unit apartment property in Lafayette, CA - $3,750,000

-Represented the Seller in the sale of an 87-unit apartment property in San Leandro, CA - $22,800,000

-Represented the Seller in the sale of a 6-unit apartment property in El Cerrito, CA - $1,760,000

-Represented the Seller in the sale of a 36-unit apartment property in Walnut Creek, CA - $12,000,000

-Represented the Seller and Buyer in the sale of a 5-unit apartment property in El Cerrito, CA - $1,740,000

-Represented the Buyer in the purchase of a 28-unit apartment property in Concord, CA - $7,500,000

-Represented the Seller in the sale of a 10-unit apartment property in Concord, CA - $2,050,000

-Represented the Buyer in the purchase of a 134-unit apartment property in Concord, CA - $59,500,000

-Represented the Buyer and Seller in the sale of a 10-unit mixed-use property in Albany, CA - $3,900,000

-Represented the Buyer in the purchase of a 183-unit apartment property in Vacaville, CA - $16,900,000

-Represented the Seller in the sale of a 13-unit apartment property in Oakland, CA - $3,525,000

-Represented the Buyer in the purchase of a 40-unit apartment property in Walnut Creek, CA - $11,350,000

-Represented the Seller in the sale of an 88-unit apartment property in Pittsburg, CA - $11,350,000

-Represented the Seller in the sale of a 27-unit apartment property in Hayward, CA - $3,825,000

-Represented the Seller in the sale of a 128-unit apartment property in Sacramento, CA - $4,800,000

-Represented the Seller & Buyer in the sale of a 12-unit apartment property in Oakland, CA - $2,350,000

-Represented the Seller in the sale of a 13-unit apartment property in Oakland, CA - $1,516,000

-Represented the Buyer in the purchase of a 12 unit apartment property in Castro Valley, CA - $2,600,000

-Represented the Seller in the sale of a 24 unit apartment property in Castro Valley, CA - $4,120,000

Representative Land Transactions:

- Represened the Seller in the sale of an 18-lot single family subdivision in Clayton, CA - $3,336,000

- Represented the Buyer in the purchase of +-5.85 AC parcel approved for 130 senior apartments in Oakley, CA - $2,600,000

- Representative the Seller & Buyer in the sale of a 50-lot residential subdivision in Hayward, CA - $7,300,000

-Represented the Buyer in the purchase of a +-2.59 AC parcel approved for 181-units in Concord, CA - $4,500,000

-Represented the Seller & Buyer in the sale of a 128-unit residential subdivision in Oakland, CA - $24,000,000

-Represented the Seller & Buyer in the sale of a 19-lot residential subdivision in Danville, CA - $10,925,000

-Represented the Seller & Buyer in the sale of a 50-lot residential subdivision in Novato, CA - $9,000,000

-Represented the Seller in the sale of land entitled for 205 market rate units in Hayward, CA - Price Confidential

-Represented the Seller & Buyer in the sale of .16 AC parcel, approved for 40 units in Oakland, CA - $1,750,000

-Represented the Seller & Buyer in the sale of a 50-lot residential subdivision in Brentwood, CA - $2,050,000
 

 


 

Education

University of California at Davis, Bachelor of Science degree in Business Management.

Memberships & Involvements

California Apartment Association, Bay East Association of Realtors

Testimonials

"Rich was extremely thorough and effective in the sale of our  multifamily asset in Emeryville.  The complexity of the property made for a challenging transaction, which Rich handled with the  utmost expertise resulting in multiple offers.  We look forward to working with Rich and  his team again soon"

Mark Forbes,  Seller

“Rich was tremendously helpful and effective in managing the sale of a complex 12-unit apartment building in Lafayette, CA given to us through the estate of a donor. The issues he had to face were many, including tenant-related challenges, litigation with a neighbor, as well as years of deferred maintenance. Rich assisted in bringing in a new, very capable property manager to manage the property while it was made ready for sale, which significantly enhanced the value of the property. During the sales process, Rich expertly managed multiple buyers and was able to secure a purchase price above asking. Throughout the entire process, Rich was patient, thoughtful, responsive, and a tremendous pleasure to work with”. 

Scott Baston, Asset Management and Financial Support Director, The First Church of Christ Scientist

“It has been a pleasure to work with Rich Martini of Colliers International during the recent sale our 87-unit apartment house at 2199 Bancroft Ave in San Leandro, California. 

Since this sale was the first time, we disposed of any of our inherited properties, we were especially grateful for Rich’s long experience and knowledge of the multi-family housing market as we navigated during the uncertainty of the pandemic of 2020.  He continues to even now assist us in ironing-out the last financial matters concerning the transition of vendors and utility expenses.

Rich is always cheerful and accommodating, answering messages promptly, and pursuing questions we had before, during and after the sale.  I heartily recommend him”.

Kathleen Pierron Miller, Managing Member, Pierron Properties, LLC

“We could not have asked for a better experience working with Rich and the Colliers team. Their expertise in the market is evident in the returns made for our investors, which affirms our overall investment strategy of investing in growing urban markets,

Peter Wilson,  President, PTLA Real Estate Group

"Rich just sold a five plex for me in El Cerrito.  He did a great job in organizing the property showing schedule, and keeping me informed along the way so that I could notify my tenants. He reviewed each offer, and advised me on the pros and cons of each in order to select a buyer who would close promptly.  Rich is a very thorough and compassionate person.  I would recommend him to anyone thinking of selling their property".

Janet L. Albarico,  Seller

"Rich Martini has been an outstanding broker to work with. He is a great listener and worked diligently to understand our business and our sensitiviites in order to best negotiate on our behalf.  We worked with Rich to acquire a 5.85 acre, unentitled property over a 16-month period.  Throughout this period, Rich's foresight and persistence never wavered, which ultimately led to a smooth and timely closing.  We will continue to use Rich when acquiriinig property in the Northern California area, and look forward to working with him again in the future".

Sam Arico, Assistant Project Manager, Highridge Costa

"It is with a great deal of respect and pleasure that my husband and I recommend Rich Martini and his company for work done with us on the sale of our multifamily  property.  Our apartment building was located at 1620 Lexington Avenue in El Cerrito.  It had been owned by the DePianto family for 34 years.  From our preliminary meeting at the beginning of the process to the the final document signing, Mr. Martini demonstrated a thorough knowledge of the commercial real estate  market, and the current local and state laws and requirements pertaining to apartment transactions.  The sales brochure was beautifully crafted and accurate to the smallest detail.   He visited the apartments numerous times gathering data needed for a successful sale.  Our long term tenants spoke of his good information which helped them through the changes.  Through the negotiations and final sale, he was always present for both the sellers and buyers.  We could not be more pleased with his work and wholeheartedly recommend Mr.  Martini!"

Dino and Susan DePianto,  Seller

 

Services

Skills

Institutional Capital Markets, Investment Properties, Land Marketing, Land Sales, Residual Land Value, Seniors Housing

Service Lines

Capital Markets, $name

Property Type

Multifamily, Land

Featured News

Sep 9, 2021

Colliers facilitates sale of 25-unit apartment community in San Leandro for $6.8M

Sale highlights ongoing investor interest in value-add opportunities in the East Bay amid low occupancy and rising rents in near-urban submarkets
Read More
Nov 10, 2020

2199 Bancroft Apartments in San Leandro Changes Hands For The First Time

Colliers International recently represented Pierron Properties, LLC in the sale of 2199 Bancroft Ave., an 87-unit apartment community located in San Leandro, California, to MC Investment Partners, LLC.
Read More
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