Abacus Capital Group purchased The Park Central, a community in Concord, Calif., from Sequoia Equities for $98.3 million.

Over the past year, the firm has completed $600 million in recapitalizations and $100 million worth of refinancings.

The property will offer one- and two-bedroom units ranging from 657 square feet to 1,089 square feet. The residences will ...