Optimism in Sacramento abounds as Harvest at Fiddyment Ranch, a 300-unit multifamily community in Roseville, recently sold to Walnut Creek-based real estate investment firm Bridge Partners for $111 million. Located at 1900 Blue Oaks Blvd. within the Fiddyment Ranch master-planned community in West Roseville, the class-A property was 97 percent leased at the time of sale. The seller was USA Properties Fund of Roseville.

“We developed a high-end quality apartment community with a long list of amenities in an excellent location in one of the fastest-growing cities in the state, and that helped drive the incredible interest,” said Geoff Brown, president of USA Properties Fund. “We are extremely proud of what we accomplished with Harvest at Fiddyment Ranch, and the sale will help fund future apartment communities.”

Harvest at Fiddyment is comprised of one-, two- and three-bedroom units ranging from 771 square feet to 1,258 square feet.

CBRE’s Marc Ross represented the seller in the transaction. Andrew Behrens of CBRE’s San Francisco office organized the acquisition loan on behalf of Bridge Partners.

“Harvest will become one of the few suburban assets walkable to a high-end grocer and have substantial access to desired retail with the completion of a Raley’s Supermarket-anchored retail center adjacent to the property and a new Nugget Market-anchored shopping center nearby,” said Ross. “As the property’s micro-location matures and amenities continue to develop, Harvest at Fiddyment Ranch is positioned to capitalize on an infill premium and experience significant rental growth. The listing attracted unprecedented investor attention, providing evidence of continued optimism in Sacramento’s apartment market.”