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Crown Capital Pays $62M for Sacramento Apartments in Deal Arranged by CBRE

Crown Capital Pays $62M for Sacramento Apartments

San Francisco-based Crown Capital has acquired Waterford Cove Apartments, a 188-unit, multifamily community in The Pocket neighborhood of Sacramento, CA. CBRE represented the seller, Walnut Creek-based Bridge Partners in the $62 million transaction.

Located at 7650 Windbridge Drive, Waterford Cove features one- and two-bedroom units averaging 864 square feet. The recently renovated residences include wood-style flooring, stainless steel appliances, fireplaces and private balconies or patios. Amenities include a large clubhouse, fitness center, swimming pool and outdoor lounge.

“Waterford Cove offers great financial upside through continuation of a proven renovation program,” said CBRE’s Marc Ross who arranged the deal. “Given its strong leasing history and affluent location just 10 minutes from Downtown, Waterford Cove will be a star performer for Crown Capital.”


Inside The Story

Crown CapitalBridge PartnersCBRE's Marc RossWaterford Cove Apartments

About Mark Nieto

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.

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