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California  + Bay Area  + Apartments  | 

Sacramento MF Trades for $59M

CBRE Capital Markets arranged the $59 million sale of The Landing at College Square, a 270-unit, Class A apartment community in Sacramento. The buyer was San Rafael-based Oakmont Properties, and the seller was USA Properties Fund.

CBRE’s Marc Ross and Bill Ayres arranged the sale on behalf of the seller.

“The interest in and success of newly developed apartment communities has been remarkable, both from a sales and leasing perspective,” said Ross, who notes the property achieved an average absorption rate of over 20 units per month.

Located at 7640 West Stockton Blvd., the 96%-occupied property consists of one, two and three-bedroom apartments. Built in 2017, units boast high-end interior finishes and amenities such as nine-foot ceilings, stainless-steel appliances, quartz counter-tops, fully-equipped gourmet kitchens, full-sized washers and dryers, walk-in closets, oversized soaking tubs and personal balconies.

For comments, questions or concerns, please contact Dennis Kaiser

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Connect With Oakmont PropertiesConnect With USA Properties FundConnect With CBRE’s Ross

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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