Multifamily news in Sacramento
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On the Market: 5 Interesting Listings for the Week of 7/9
This week's listings include a newly renovated historic asset in Baltimore that benefits from a CHAP credit, an age-restricted, fully affordable community in Baton Rouge, La., and more.
13 July 2018 15:38 -
Kennedy Wilson Sells $422M Portfolio
The six communities comprise a total of 2,199 units and are located across California, Nevada, Washington and Oregon.
30 May 2018 15:52 -
Greystone Provides $29M for Sacramento Acquisition
Carmel Pointe is a 332-unit garden-style community that includes a dog park, spa and five laundry rooms.
25 April 2018 16:28 -
Demmon Partners Snaps Up Sacramento Asset for $33M
Walker & Dunlop provided nearly $15.9 million in Fannie Mae financing for the acquisition of the five-story community, which comprises 50 one- and two- bedroom units.
20 April 2018 18:25 -
JV to Open Sacramento Student Housing
GMH Capital Partners and AGC Equity Partners are developing The Academy on 65th, which will serve students at California State University. The 305-bed community will feature bike storage, covered parking and a motion studio.
10 April 2018 14:10 -
ABI Expands Sacramento Team With New VP
With a background in both tech and finance, Tyler Justesen most recently worked as director of marketing at United Capital Investments.
04 April 2018 07:30 -
Rent Growth Continues in Sacramento
California’s capital city again led the nation in multifamily rent growth in 2017. This year, a surge of 1,100 new apartments is poised to push rates up by a more moderate 7.2 percent.
03 April 2018 13:23 -
MG Properties Buys 312-Unit Sacramento-Area Community
Located at 6801 Leisure Town Road in Vacaville, CBRE arranged a $55.9 million Freddie Mac acquisition loan for North Pointe Apartments on behalf of the buyer.
22 March 2018 20:17 -
HighBridge to Develop 708-Bed Community Near UC Davis
The company obtained approval for the construction of Lincoln40, a 130-unit California community, slated for a 2020 completion.
21 March 2018 14:07 -
Crown Acquisitions Secures $50M CA Student Housing
College Square, a 486-bed community a mile from the UC Davis campus, includes furnished sundecks, a fitness center and laundry facilities.
15 March 2018 16:36 -
WNC Earmarks $94M for CA Affordable Portfolio
A recently closed LIHTC fund is providing capital to acquire and renovate 972 units in Los Angeles, Sacramento and other California cities.
01 March 2018 14:44 -
29th Street Capital Expands Sacramento Footprint
Located at 2081 West La Loma Drive, Sycamore Square Apartments is a 140-unit multifamily community which will be subject to a $1.2 million renovation program.
30 January 2018 16:25 -
TSB Realty Closes Sale of Student Housing in Sacramento
Built in 2003 and renovated in 2016, The Element includes 288 units and 792 beds. The property is located near California State University Sacramento.
01 November 2017 16:44 -
Sacramento Market Maintains Robust Rent Growth
While investment activity has slightly tempered in the city, property values have skyrocketed, boosting average per-unit prices to $160,000. New supply remains limited, as only 900 units will be added to the market in 2017.
30 October 2017 13:30 -
Sacramento’s Affordable Housing Crisis
Is the city aggressive enough in solving affordable housing problems? Mayor Darrell Steinberg doesn't think so.
05 October 2017 16:51