Bellevue’s ACG to Develop Multifamily Community in Sacramento
Bellevue, WA-based American Capital Group (ACG) has announced the development of Kinect @ Southport, a 322-unit apartment community in West Sacramento, CA. The firm has obtained capitalization for the project and plans to break ground immediately. Financial terms were not disclosed.
“West Sacramento offers a combination of affordability, job growth and desirable quality of life features that make it an attractive metropolitan city for young professionals,” said ACG President BJ Kuula. “Following our first two projects in West Sacramento built over a decade ago, we are pleased to add to our local presence and play this vital role in helping the local economy grow.”
Kinect @ Southport is anticipated to feature four-story residential buildings with elevators and private garages, as well as a state-of-the-art recreation center and outdoor activity space, including a volleyball court, basketball court, pickleball court and playground.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.