Sacramento
Security Properties Acquires $43M Sacramento Community
The 16-building community feature one- and two-bedroom units averaging 817 square feet. Cushman & Wakefield worked on behalf of the seller and the buyer in the transaction.
Sagora Senior Living Breaks Ground on First CA Community
The 14-acre campus will feature independent living, assisted living and memory care apartments. The Rocklin, Calif., asset will be the company’s 29th retirement community.
On the Market: 5 Interesting Listings for the Week of 8/28
This week’s listings include a newly renovated property in Whittier, Calif., with an abundance of amenities and a historic asset with original 1912 architecture in the trendy Portland neighborhood of Hollywood.
Pathfinder Acquires 195-Unit Sacramento Property
Savannah Court, a 31-year-old, 24-building community, will receive interior and exterior renovations. It is the company’s second acquisition in the metropolitan area.
CBRE Arranges Sale of 160-Unit Sacramento Asset
Integrity Housing sold Alhambra at Mace Ranch in Davis, Calif., for $28.5 million. Jim Flinn, senior vice president of CBRE Affordable Housing’s Debt and Structured Finance team, secured $20.2 million in acquisition financing.
Wasatch Group Lands $47M Refi Loan
The company used the loan to pay off a Fannie Mae regulatory bond on Chesapeake Commons, a 600-unit community in Rancho Cordova, Calif.
Walker & Dunlop Secures $52M in Financing in CA
The firm arranged the 10-year Freddie Mac Green Up loan for a 565-unit community located in the Arden Arcade neighborhood, on behalf of the new owner, OpenPath Investments.
Walker & Dunlop Originates $34M Loan for CA Affordable Asset
The loan will be used to finance Campus Oaks Phase I, an affordable community in suburban Sacramento. Walker & Dunlop worked on behalf of The Canel Cos.
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.