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California  + Bay Area  + Apartments  |  August 31, 2021
Autumn Ridge
Lisa Brown
By: Lisa Brown

Autumn Ridge Sells to Kennedy Wilson Fund VI for $120M

Autumn Ridge, a 410-unit multifamily community in Citrus Heights, recently sold to Kennedy Wilson Fund VI, a commingled fund managed by real estate investment company Kennedy Wilson, for $120 million. The community was 96 percent leased at the time of sale.

The property was originally built in 1986 at 6011 Shadow Lane. Autumn Ridge has 410 one- and two-bedroom units. Community amenities include three pools and spas, a clubhouse, fitness center, fireplace lounge, racquetball court, tennis court and business center.

CBRE’s Marc Ross represented the seller, Sacramento-based real estate firm Oakmont Properties. Andrew Behrens and Jesse Weber of CBRE’s San Francisco office organized the acquisition loan on behalf of the buyer.

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Marc Ross

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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  • ◦Sale/Acquisition
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