Multifamily news in Market Rate Housing - Sacramento
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Graceada Partners Pays $24M for Sacramento Community
The new owner plans to renovate and modernize the property, investing $12,000 per unit.
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Sacramento-Area Community Gets $15M Refi
Berkadia secured a 12-year, fixed-rate Freddie Mac loan on behalf of the owner.
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MG Properties Grows Sacramento Footprint
The company acquired a 270-unit community adjacent to the city of Elk Grove, bringing its local unit count to nearly 1,000.
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Aspen Square Management Sells Sacramento-Area Property
The Mogharebi Group represented the seller and the private buyer, in the acquisition of Cambridge House Apartments in Davis, Calif.
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OpenPath Investments Grows Sacramento Portfolio
The company financed the acquisition of the 104-unit Sierra Park Townhomes through a $15.5 million, 10-year Freddie Mac loan.
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Aegon Launches Opportunity Zone Platform
The firm formed a joint venture with a subsidiary of Kemper Corp. to develop a $60 million project in Sacramento.
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Sacramento Community Commands $16M
The 130-unit Regency Apartments traded to a Bay Area-based private investor. The acquisition was financed with nearly $13 million.
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Pathfinder Partners Buys Sacramento-Area Property
The 170-unit Rosemont Park, situated 10 miles east of downtown, traded for $28.8 million.
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Aspen Square Management Sells Sacramento-Area Apartments
A 114-unit community in Carmichael, Calif., traded for a record-setting $203,000 per unit.
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NKF Facilitates $36M Sacramento Sale
Managing Director Zachary LeBeouf and Senior Managing Director Anthony Pappageorge worked on behalf of the buyer. The transaction was a 1031 exchange.
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California’s Apartment Industry Eyes Wildfire Recovery Plan
As wildfire season approaches, state legislators are considering a comprehensive package, including a fund that would help keep utilities financially stable after major fires.
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ACI Facilitates Sale of Sacramento Property
Senior Associate Doug Taber brokered the $4 million sale on behalf of the seller. The buyer was self-represented in the deal.
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South Coast Commercial Buys NorCal Community
The firm financed the acquisition of the fully occupied Class B asset with a 15-year, $7 million mortgage from Banc of California.
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SKK Developments, Grupe Co. Complete Sacramento Community
The newly completed property is located in the heart of Sacramento near major thoroughfares such as Interstate 80 and Freeway 50.
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NorCal Asset Trades for $18M
Paradise Apartments in Chico changed hands for $110,976 per unit. The Mogharebi Group worked on behalf of both parties in the transaction.