Marcus & Millichap

Robert Johnston

Overview

Robert Johnston is an apartment investment specialist in the firm's founding Palo Alto office.  As a Vice President of Investments, Robert exclusively represents buyers and sellers in the acquisition and disposition of multi-family and single-tenant retail properties throughout the country with a concentration in the Bay Area. Robert has established himself as a leading Bay Area apartment broker.  Among other transactions, Robert recently closed a highly publicized apartment in Belmont for $23.65 Million.

Robert Johnston ranked as a top 40 agent nationwide (out of approximately 1600 M&M agents) in 2015 and was recognized as such in the Wall Street Journal.  
He was a top 5 Palo Alto Investment Professional in 2015 and a top 10 investment professional in 2014, 2013 & 2012.  Robert received a Chairman's Club Award in 2015 and National Achievement Awards in 2015 & 2014.  Robert is a Director of Marcus and Millichap's National Multi Housing Group. 

Robert Johnston is a member of the Silicon Valley Association of Realtors, MLS, LoopNet, Costar and Tri County Apartment Association.  He graduated from Arizona State University in 2007 with a BS in Real Estate Development and in his spare time he enjoys traveling, golfing and spending time with family, friends and his new bride, Natalie. 

Palo Alto
Robert Johnston

Robert Johnston

Vice President Investments
Tel: (650) 391-1700
Fax: (650) 391-1710

License:  CA  01853816

National Multi Housing Council

Director - National Multi Housing Group

Promoted to Senior Associate in August, 2012
Promoted to Associate Vice President Investments in October, 2014
Promoted to Vice President Investments in July, 2015

Chairman's Club - 2015
National Achievement Award - 2016, 2015, 2014
Sales Recognition Award - 2016, 2015, 2014, 2013, 2012

  • Rookie Of The Year - 2010

Transactions Closed

  • three21 @ Belmont

    three21 @ Belmont

    Multifamily

    Belmont, CA
    Price: $23,650,000
    Size: 31,950 sqft
    Size: 65 units
    Cap Rate: 4.19%

  • The Bungalows at Mathilda Avenue

    The Bungalows at Mathilda Avenue

    Multifamily

    Sunnyvale, CA
    Price: $22,500,000
    Size: 68 units
    Cap Rate: 4.26%

  • Vista Del Sol Apartments

    Vista Del Sol Apartments

    Multifamily

    Pleasanton, CA
    Price: $22,500,000
    Size: 47,030 sqft
    Size: 73 units
    Cap Rate: 4.22%

  • The Marquis Luxury Homes LLC

    The Marquis Luxury Homes LLC

    Multifamily

    Mountain View, CA
    Price: $19,000,000
    Size: 40,652 sqft
    Size: 32 units
    Cap Rate: 1.75%

  • Victoria Park

    Victoria Park

    Multifamily

    Fremont, CA
    Price: $18,600,000
    Size: 48,300 sqft
    Size: 60 units
    Cap Rate: 3.21%

  • Oxford Manor Apartments

    Oxford Manor Apartments

    Multifamily

    Belmont, CA
    Price: $17,550,000
    Size: 40,100 sqft
    Size: 65 units
    Cap Rate: 4.30%

  • Da Vinci Apartments

    Da Vinci Apartments

    Multifamily

    Davis, CA
    Price: $16,000,000
    Size: 62,414 sqft
    Size: 51 units
    Cap Rate: 5.08%

  • 180 Buckingham Avenue

    180 Buckingham Avenue

    Multifamily

    Redwood City, CA
    Price: $15,000,000
    Size: 34,125 sqft
    Size: 48 units
    Cap Rate: 4.24%

  • Mosaic Apartments

    Mosaic Apartments

    Multifamily

    Redwood City, CA
    Price: $14,760,000
    Size: 34,662 sqft
    Size: 41 units
    Cap Rate: 5.05%

  • The Village At Lawrence Station

    The Village At Lawrence Station

    Multifamily

    Santa Clara, CA
    Price: $14,250,000
    Size: 37,032 sqft
    Size: 55 units
    Cap Rate: 4.25%

  • 180 Buckingham Avenue

    180 Buckingham Avenue

    Multifamily

    Redwood City, CA
    Price: $13,100,000
    Size: 34,125 sqft
    Size: 48 units
    Cap Rate: 4.27%

  • Sunset Apartments

    Sunset Apartments

    Multifamily

    Sunnyvale, CA
    Price: $12,800,000
    Size: 18,610 sqft
    Size: 41 units
    Cap Rate: 4.07%

  • DaVinci Court

    DaVinci Court

    Student Housing

    Davis, CA
    Price: $10,800,000
    Size: 61,856 sqft
    Size: 51 units
    Cap Rate: 6.32%

  • Jefferson Apartments

    Jefferson Apartments

    Multifamily

    Redwood City, CA
    Price: $10,000,000
    Size: 19,500 sqft
    Size: 30 units
    Cap Rate: 3.81%

  • 180 Buckingham Avenue

    180 Buckingham Avenue

    Multifamily

    Redwood City, CA
    Price: $9,650,800
    Size: 34,125 sqft
    Size: 48 units
    Cap Rate: 5.24%

  • Woodlane Apartments

    Woodlane Apartments

    Multifamily

    Redwood City , CA
    Price: $9,150,000
    Size: 34,662 sqft
    Size: 41 units
    Cap Rate: 4.15%

  • Doctors Medical Plaza

    Doctors Medical Plaza

    Office Medical

    Granada Hills, CA
    Price: $9,000,000
    Cap Rate: 7.33%

  • Park Towers Townhomes

    Park Towers Townhomes

    Multifamily

    Castro Valley, CA
    Price: $8,700,000
    Size: 40,212 sqft
    Size: 51 units
    Cap Rate: 4.58%

  • The Oaks

    The Oaks

    Multifamily

    Redwood City, CA
    Price: $8,400,000
    Size: 18,100 sqft
    Size: 22 units
    Cap Rate: 4.39%

  • Carlmont Hills Apartments

    Carlmont Hills Apartments

    Multifamily

    Belmont, CA
    Price: $7,580,000
    Size: 15,200 sqft
    Size: 16 units
    Cap Rate: 3.74%

  • 180 Buckingham Avenue

    180 Buckingham Avenue

    Multifamily

    Redwood City, CA
    Price: $7,500,000
    Size: 55,624 sqft
    Size: 48 units
    Cap Rate: 5.46%

  • 600 Mariner's Island Boulevard

    600 Mariner's Island Boulevard

    Multifamily

    San Mateo, CA
    Price: $7,500,000
    Size: 23,370 sqft
    Size: 24 units
    Cap Rate: 5.03%

  • Laurel Place Apartments

    Laurel Place Apartments

    Multifamily

    San Mateo, CA
    Price: $7,300,000
    Size: 16,635 sqft
    Size: 20 units
    Cap Rate: 4.00%

  • 1617 & 1621 Sixth Avenue

    1617 & 1621 Sixth Avenue

    Multifamily

    Belmont, CA
    Price: $7,250,000
    Size: 18,244 sqft
    Size: 17 units
    Cap Rate: 4.43%

  • Carlmont Hills Apartments

    Carlmont Hills Apartments

    Multifamily

    Belmont, CA
    Price: $7,080,000
    Size: 15,200 sqft
    Size: 16 units
    Cap Rate: 3.66%

  • Terrace Manor Apartments

    Terrace Manor Apartments

    Multifamily

    Redwood City, CA
    Price: $7,000,000
    Size: 16,814 sqft
    Size: 17 units
    Cap Rate: 4.40%

  • 1331 Jefferson Avenue

    1331 Jefferson Avenue

    Multifamily

    Redwood City, CA
    Price: $6,900,000
    Size: 21,000 sqft
    Size: 30 units
    Cap Rate: 4.88%

  • 1442 Gordon Street

    1442 Gordon Street

    Multifamily

    Redwood City, CA
    Price: $6,800,000
    Size: 16,140 sqft
    Size: 14 units
    Cap Rate: 4.14%

  • Belmont Heights

    Belmont Heights

    Multifamily

    Belmont, CA
    Price: $6,783,775
    Size: 10,528 sqft
    Size: 22 units
    Cap Rate: 4.51%

  • 2785 Homestead Road

    2785 Homestead Road

    Multifamily

    Santa Clara, CA
    Price: $6,750,000
    Size: 11,814 sqft
    Size: 19 units
    Cap Rate: 4.58%

  • The Bristol Manor Apartments

    The Bristol Manor Apartments

    Multifamily

    San Leandro , CA
    Price: $6,700,000
    Size: 35,500 sqft
    Size: 34 units
    Cap Rate: 5.32%

  • Terrace Manor Apartments

    Terrace Manor Apartments

    Multifamily

    Redwood City, CA
    Price: $6,375,000
    Size: 16,814 sqft
    Size: 17 units
    Cap Rate: 4.11%

  • 1440 Gordon Street

    1440 Gordon Street

    Multifamily

    Redwood City, CA
    Price: $6,350,000
    Size: 14,300 sqft
    Size: 15 units
    Cap Rate: 3.95%

  • Los Arboles

    Los Arboles

    Multifamily

    Monterey, CA
    Price: $6,145,000
    Size: 20,989 sqft
    Size: 33 units
    Cap Rate: 4.65%

  • 910 Clinton Street, Redwood City, California

    910 Clinton Street, Redwood City, California

    Multifamily

    Redwood City, CA
    Price: $6,050,000
    Size: 17,550 sqft
    Size: 18 units
    Cap Rate: 3.35%

  • The Ravenscourt Apartments

    The Ravenscourt Apartments

    Multifamily

    Campbell, CA
    Price: $5,612,000
    Size: 13,440 sqft
    Size: 16 units
    Cap Rate: 4.12%

  • 199 Acalanes Drive

    199 Acalanes Drive

    Multifamily

    Sunnyvale, CA
    Price: $5,600,000
    Size: 13,296 sqft
    Size: 14 units
    Cap Rate: 3.38%

  • The Sands Apartments

    The Sands Apartments

    Multifamily

    San Jose, CA
    Price: $5,580,000
    Size: 11,012 sqft
    Size: 18 units
    Cap Rate: 5.62%

  • 152 Lincoln Avenue

    152 Lincoln Avenue

    Multifamily

    Redwood City, CA
    Price: $5,300,000
    Size: 11,550 sqft
    Size: 18 units
    Cap Rate: 4.34%

  • 90 Kent Court

    90 Kent Court

    Multifamily

    Daly City, CA
    Price: $5,000,000
    Size: 28,200 sqft
    Size: 30 units
    Cap Rate: 5.67%

  • Carlmont Hills Apartments

    Carlmont Hills Apartments

    Multifamily

    Belmont, CA
    Price: $4,995,000
    Size: 15,200 sqft
    Size: 16 units
    Cap Rate: 4.89%

  • Jefferson Apartments

    Jefferson Apartments

    Multifamily

    Redwood City, CA
    Price: $4,800,000
    Size: 19,500 sqft
    Size: 30 units
    Cap Rate: 5.52%

  • 1020 South 12th Street

    1020 South 12th Street

    Multifamily

    San Jose, CA
    Price: $4,800,000
    Size: 12,000 sqft
    Size: 24 units
    Cap Rate: 4.99%

  • Belmont Gardens

    Belmont Gardens

    Multifamily

    Belmont, CA
    Price: $4,778,000
    Size: 10,528 sqft
    Size: 22 units
    Cap Rate: 5.74%

  • Wolf Den Plaza

    Wolf Den Plaza

    Shopping Strip

    Rohnert Park, CA
    Price: $4,575,000
    Size: 18,720 sqft
    Cap Rate: 7.52%

  • Terrace Manor Apartments

    Terrace Manor Apartments

    Multifamily

    Redwood City, CA
    Price: $4,500,000
    Size: 16,814 sqft
    Size: 17 units
    Cap Rate: 4.18%

  • 1550 & 1570 Ebener Street

    1550 & 1570 Ebener Street

    Multifamily

    Redwood City, CA
    Price: $4,450,000
    Size: 8,400 sqft
    Size: 12 units
    Cap Rate: 4.23%

  • 599 South 10th Street

    599 South 10th Street

    Multifamily

    San Jose, CA
    Price: $4,200,000
    Size: 15,862 sqft
    Size: 16 units
    Cap Rate: 5.09%

  • 2087 Sahara Way

    2087 Sahara Way

    Multifamily

    Santa Clara, CA
    Price: $4,080,000
    Size: 9,564 sqft
    Size: 12 units
    Cap Rate: 4.05%

  • 755 and 775 9th Avenue

    755 and 775 9th Avenue

    Multifamily

    Redwood City, CA
    Price: $4,000,000
    Size: 10,650 sqft
    Size: 16 units
    Cap Rate: 4.74%

  • IHOP & Pad Development Opportunity

    IHOP & Pad Development Opportunity

    Net Leased Restaurant

    Albuquerque , NM
    Price: $3,925,000
    Size: 4,997 sqft
    Cap Rate: 8.12%

  • 1385 Greenwich Street

    1385 Greenwich Street

    Multifamily

    San Francisco, CA
    Price: $3,769,720
    Size: 9,100 sqft
    Size: 13 units
    Cap Rate: 4.79%

  • 152 Lincoln Avenue

    152 Lincoln Avenue

    Multifamily

    Redwood City, CA
    Price: $3,650,100
    Size: 11,550 sqft
    Size: 18 units
    Cap Rate: 5.03%

  • 283 Pamela Avenue

    283 Pamela Avenue

    Multifamily

    San Jose, CA
    Price: $3,600,000
    Size: 9,464 sqft
    Size: 12 units
    Cap Rate: 3.91%

  • 683 Live Oak Avenue

    683 Live Oak Avenue

    Multifamily

    Menlo Park, CA
    Price: $3,436,875
    Size: 06 units
    Cap Rate: 2.99%

  • 1150 Greenwood Avenue

    1150 Greenwood Avenue

    Multifamily

    San Carlos, CA
    Price: $3,380,000
    Size: 4,968 sqft
    Size: 13 units
    Cap Rate: 4.21%

  • 2401 Carlmont Drive

    2401 Carlmont Drive

    Multifamily

    Belmont, CA
    Price: $3,366,000
    Size: 15,600 sqft
    Size: 16 units
    Cap Rate: 4.77%

  • 1550-1570 Ebener Street

    1550-1570 Ebener Street

    Multifamily

    Redwood City, CA
    Price: $3,330,000
    Size: 9,270 sqft
    Size: 12 units
    Cap Rate: 4.37%

  • Main Street Apartments

    Main Street Apartments

    Multifamily

    Pleasanton, CA
    Price: $3,275,000
    Size: 10 units
    Cap Rate: 4.20%

  • 642 Kirkland Drive

    642 Kirkland Drive

    Multifamily

    Sunnyvale, CA
    Price: $3,100,000
    Size: 6,595 sqft
    Size: 07 units
    Cap Rate: 2.75%

  • 1859 Joan Way

    1859 Joan Way

    Multifamily

    Santa Clara, CA
    Price: $3,050,000
    Size: 6,471 sqft
    Size: 09 units
    Cap Rate: 4.25%

  • 931, 933, 935 Ravenscourt Avenue

    931, 933, 935 Ravenscourt Avenue

    Multifamily

    Campbell , CA
    Price: $2,975,000
    Size: 13,440 sqft
    Size: 16 units
    Cap Rate: 7.93%

  • 1308 Palos Verdes Drive

    1308 Palos Verdes Drive

    Multifamily

    San Mateo, CA
    Price: $2,910,000
    Size: 12,018 sqft
    Size: 12 units
    Cap Rate: 6.90%

  • 152 Lincoln Aveune

    152 Lincoln Aveune

    Multifamily

    Redwood City, CA
    Price: $2,700,000
    Size: 11,500 sqft
    Size: 18 units
    Cap Rate: 4.29%

  • McDonald's (Relocation Store)

    McDonald's (Relocation Store)

    Net Leased Restaurant

    Charlotte, NC
    Price: $2,700,000
    Size: 4,446 sqft
    Cap Rate: 4.26%

  • 545 South 11th Street

    545 South 11th Street

    Multifamily

    San Jose, CA
    Price: $2,575,000
    Size: 08 units
    Cap Rate: 5.07%

  • 1621 Sixth Avenue

    1621 Sixth Avenue

    Multifamily

    Belmont, CA
    Price: $2,450,000
    Size: 11,400 sqft
    Size: 09 units
    Cap Rate: 5.30%

  • 466 North 13th Street

    466 North 13th Street

    Multifamily

    San Jose, CA
    Price: $2,410,000
    Size: 07 units
    Cap Rate: 4.72%

  • 440 Roosevelt

    440 Roosevelt

    Multifamily

    Redwood City, CA
    Price: $2,400,000
    Size: 4,500 sqft
    Size: 07 units
    Cap Rate: 6.30%

  • The Westerner

    The Westerner

    Multifamily

    Redwood City, CA
    Price: $2,195,000
    Size: 7,600 sqft
    Size: 10 units
    Cap Rate: 5.11%

  • 1617 Sixth Avenue

    1617 Sixth Avenue

    Multifamily

    Belmont, CA
    Price: $2,175,000
    Size: 11,400 sqft
    Size: 08 units
    Cap Rate: 4.79%

  • 1150 Greenwood Avenue

    1150 Greenwood Avenue

    Multifamily

    San Carlos, CA
    Price: $2,175,000
    Size: 4,968 sqft
    Size: 14 units
    Cap Rate: 5.08%

  • 474 Matadero Avenue

    474 Matadero Avenue

    Multifamily

    Palo Alto, CA
    Price: $2,150,000
    Size: 3,040 sqft
    Size: 04 units
    Cap Rate: 2.46%

  • Jack In the Box

    Jack In the Box

    Net Leased Restaurant

    Brentwood, TN
    Price: $2,000,000
    Size: 2,858 sqft
    Cap Rate: 7.53%

  • Big 5 Sporting Goods

    Big 5 Sporting Goods

    Single-Tenant Vacant/User

    Vancouver, WA
    Price: $2,000,000
    Size: 11,000 sqft
    Cap Rate: 7.46%

  • 1806 Higdon Avenue

    1806 Higdon Avenue

    Multifamily

    Mountain View, CA
    Price: $2,000,000
    Size: 2,924 sqft
    Size: 04 units
    Cap Rate: 2.45%

  • 1577 Maurice Lane

    1577 Maurice Lane

    Multifamily

    San Jose, CA
    Price: $1,998,000
    Size: 4,126 sqft
    Size: 04 units
    Cap Rate: 2.63%

  • 683-685 Comet Drive

    683-685 Comet Drive

    Multifamily

    Foster City, CA
    Price: $1,760,000
    Size: 3,596 sqft
    Size: 02 units
    Cap Rate: 1.89%

  • 812 Jefferson Court

    812 Jefferson Court

    Multifamily

    San Mateo, CA
    Price: $1,670,000
    Size: 3,150 sqft
    Size: 04 units
    Cap Rate: 2.26%

  • 230 Aspen Avenue

    230 Aspen Avenue

    Multifamily

    South San Francisco, CA
    Price: $1,599,000
    Size: 4,900 sqft
    Size: 07 units
    Cap Rate: 4.17%

  • 711-713 South Fremont Street

    711-713 South Fremont Street

    Multifamily

    San Mateo, CA
    Price: $1,550,000
    Size: 3,000 sqft
    Size: 02 units
    Cap Rate: 3.14%

  • 9309 Bancroft Avenue

    9309 Bancroft Avenue

    Multifamily

    Oakland, CA
    Price: $1,541,000
    Size: 11,189 sqft
    Size: 17 units
    Cap Rate: 6.30%

  • 3758 Underwood Drive

    3758 Underwood Drive

    Multifamily

    San Jose, CA
    Price: $1,520,000
    Size: 3,652 sqft
    Size: 04 units
    Cap Rate: 2.89%

  • The Donbar Apartments

    The Donbar Apartments

    Multifamily

    Redwood City, CA
    Price: $1,515,000
    Size: 3,710 sqft
    Size: 05 units
    Cap Rate: 2.73%

  • 6 Coleman Place

    6 Coleman Place

    Multifamily

    Menlo Park, CA
    Price: $1,500,000
    Size: 4,750 sqft
    Size: 07 units
    Cap Rate: 5.06%

  • 8 Coleman Place

    8 Coleman Place

    Multifamily

    Menlo Park, CA
    Price: $1,500,000
    Size: 4,750 sqft
    Size: 07 units
    Cap Rate: 5.06%

  • Popeyes Chicken & Biscuits

    Popeyes Chicken & Biscuits

    Net Leased Restaurant

    Pensacola, FL
    Price: $1,476,000
    Size: 2,108 sqft
    Cap Rate: 6.30%

  • 1241 Clinton Street

    1241 Clinton Street

    Multifamily

    Redwood City, CA
    Price: $1,445,000
    Size: 3,800 sqft
    Size: 05 units
    Cap Rate: 4.69%

  • 803 Cypress Avenue

    803 Cypress Avenue

    Multifamily

    South San Francisco, CA
    Price: $1,400,000
    Size: 3,550 sqft
    Size: 05 units
    Cap Rate: 1.21%

  • 755 9th Avenue

    755 9th Avenue

    Multifamily

    Redwood City, CA
    Price: $1,399,550
    Size: 9,600 sqft
    Size: 16 units
    Cap Rate: 11.19%

  • 775 9th Avenue

    775 9th Avenue

    Multifamily

    Redwood City, CA
    Price: $1,399,550
    Size: 9,600 sqft
    Size: 16 units
    Cap Rate: 11.19%

  • 517 Vera Avenue

    517 Vera Avenue

    Multifamily

    Redwood City, CA
    Price: $1,200,000
    Size: 6,249 sqft
    Size: 06 units
    Cap Rate: 4.23%

  • 401 Heller Street

    401 Heller Street

    Multifamily

    Redwood City, CA
    Price: $1,118,000
    Size: 7,350 sqft
    Size: 08 units
    Cap Rate: 8.19%

  • 755 Ninth Avenue

    755 Ninth Avenue

    Multifamily

    Redwood City, CA
    Price: $1,080,000
    Size: 4,650 sqft
    Size: 08 units
    Cap Rate: 5.91%

  • 775 Ninth Avenue

    775 Ninth Avenue

    Multifamily

    Redwood City, CA
    Price: $1,080,000
    Size: 4,800 sqft
    Size: 08 units
    Cap Rate: 6.38%

  • 315-317 Orchard Avenue

    315-317 Orchard Avenue

    Multifamily

    Redwood City, CA
    Price: $1,050,000
    Size: 2,752 sqft
    Size: 02 units
    Cap Rate: 4.86%

  • 2707 Marlborough Avenue

    2707 Marlborough Avenue

    Multifamily

    Redwood City, CA
    Price: $998,000
    Size: 1,900 sqft
    Size: 03 units
    Cap Rate: 3.88%

  • 251 Lincoln Avenue

    251 Lincoln Avenue

    Multifamily

    Redwood City, CA
    Price: $965,000
    Size: 5,000 sqft
    Size: 04 units
    Cap Rate: 9.03%

  • 5 Delmar Court

    5 Delmar Court

    Multifamily

    Redwood City, CA
    Price: $900,000
    Size: 2,150 sqft
    Size: 02 units
    Cap Rate: 4.65%

  • 1241 Clinton Street

    1241 Clinton Street

    Multifamily

    Redwood City, CA
    Price: $886,500
    Size: 4,000 sqft
    Size: 05 units
    Cap Rate: 6.17%

There are additional transactions closed, contact us for more.

In The News

  • Robert Johnston Arranges $23.2 Million Multifamily Portfolio Sale

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    Davis Apartment Transaction

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    Da Vinci Court Apartments Sale

    UC Davis Student Housing Sale

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  • Portfolio Sale

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    Redwood City Portfolio Sale

    Redwood City Portfolio Sale

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    Greenwich Street Apartment Sale

    Greenwich Street Apartment Transaction.

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