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CBRE Arranges Record $118M Sale, Financing of Sacramento MF
The Press at Midtown Quarter, a 277-unit Class A multifamily property located in Midtown Sacramento, traded hands for $118 million. The buyer was San Rafael-based Oakmont Properties, while the seller was Tampa, FL-based DeBartolo Development, and a local partner, SKK Developments.
The sale marks the largest single-asset, market-rate apartment trade in Sacramento history in terms of deal size. Completed in June 2020, the asset is the largest new construction in Sacramento’s urban core and has 8,600 square feet of ground-floor retail.
Amenities include a two-level co-working space, state-of-the-art fitness center and yoga studio, rooftop lounge, pet spa and run area, bike lounge with repair and wash stations, car wash and car charging stations. The property also has one acre of outdoor community space with a heated resort-style pool, community garden, bocce court, outdoor kitchens and fire tables with lounge seating.
CBRE’s Marc Ross brokered the sale. CBRE’s Debt and Structured Finance group’s Andrew Behrens arranged the financing.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Sale/Acquisition




