California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Houston Developer Plans 300-Unit MF Project in Sacramento
Houston-based Oakdale Communities secured an $83-million loan for the development of The Core Natomas, a luxury apartment complex in Sacramento. Located at 2705 Orchard Lane, the 300-unit village-style complex will consist of 13 two and three-story buildings, as well as a clubhouse.
The community will be comprised of one-bedroom, two-bedroom and three-bedroom apartment homes. The amenity package includes a resort-style swimming pool, fitness center and outdoor kitchens. Construction is expected to begin in May 2019.
CBRE Capital Markets’ Debt & Structured Finance’s Kevin Randles, Angelica Heath, Jim Richards and Susan Speer arranged the financing. CBRE’s William Ayres represented the buyer and the seller.
Randles says, “This property sits in an ideal location due to its proximity to the I-80/I-5 interchange, as well as the abundance of jobs in the area. The location of the complex, along with its exceptional amenities, makes The Core Natomas a strong investment.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development




