Ridge Capital, Andell JV Snags Sacramento Community
The Class B property traded for $22.4 million and is located in a submarket with a 13.7 percent year-over-year rent increase, almost seven times the national rate.
10 Markets with the Lowest Expected Supply Growth
The multifamily industry has experienced a recent boom. But with a risk of oversaturation in some markets, development is slowing and deliveries are expected to peak.
Sacramento Sets the Standard
Although rents across the country have been decelerating in recent months, the California capital continues to outperform. While no longer in the double digits, its rent growth continues to lead major metros.
29SC Expands Into Sacramento With 110-Unit Community
The company plans to spend $1.3 million in capital improvements in the property located in Citrus Heights, Calif., a submarket with a more than 8 percent rental rate growth.
Domus Development Taps New President
Maurice Ramirez brings more than 25 years of industry experience to his new role, having contributed to the development of thousands of affordable housing units in California.
Avanath Doubles Sacramento Footprint
In a $56.5 million deal, the company has acquired an affordable housing portfolio totaling 468 units in one of the nation’s hottest markets. The properties cater to seniors, families and mixed-income renters.
JV Opens $30M Workforce Housing in Sacramento
The 77-unit West Gateway Place, co-developed by Jamboree and the West Sacramento Housing Development Corp., is designed to achieve a LEED Silver certification.
Yardi Matrix: Sacramento’s Capital Appreciation
As the only remaining metro with year-over-year rent growth in double figures, Sacramento seems unfazed by the national downward trend.
AMCAL Breaks Ground on Sacramento Student Housing
The 225-unit development is scheduled for completion in August of next year.
Sacramento Veterans Housing Receives $21M in Construction Financing
The property will feature 39 new, high-quality permanent rental homes for people earning between 15-60 percent of the Area Median Income.
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