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California  + Apartments  | 

Jackson Square Returns to Sacramento with $161M Portfolio Deal

CBRE recently arranged the $161.5-million sale of Zeta Luxury Apartments and Solasta Luxury Apartments, a multifamily portfolio in Sacramento, to Jackson Square Properties. CBRE’s Marc Ross, CFA, Joe McNamara and Claire Holt represented seller A.G. Spanos, which developed both properties and completed them in 2024.

Located at 3761 E. Commerce Way and 7606 Klotz Ranch Ct., respectively, Zeta and Solasta total 536 units. “A.G. Spanos has delivered two exceptional communities that set a new standard for luxury living in Sacramento,” said Ross. “Zeta and Solasta offer best-in-class amenities and prime locations, creating a strong foundation for Jackson Square Properties to capitalize on the region’s continued growth and demand for high-quality multifamily housing.”

He continued, “This is Jackson Square’s third acquisition in the Sacramento area in the last year, marking their expansion and commitment to the region. Jackson Square Properties was very professional throughout the entire process and a great buyer for the properties.”

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CBRE's Ross

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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