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The Eisley

Kennedy Wilson Acquires The Eisley Near Downtown Sacramento

The Eisley, a 405-unit multifamily community that is currently under construction on 14 acres at 1567 Bartlett Way in Sacramento, was recently purchased by Kennedy Wilson. The 366,638-square-foot property is expected to be completed by spring 2022.

Tampa-based DeBartolo Development and its local development partner, SKK Development, confidentially exposed the opportunity to a select group of qualified buyers. Luis Elorza and Bryan Schellinger, managing directors with NorthMarq in Tampa and Los Angeles, identified the buyer based upon its ability to fund single-asset Opportunity Zone transactions.

NorthMarq also represented the seller partnership. The sale of The Eisley represents the second successful disposition of more than $100 million in the past year between DeBartolo Development LLC and SKK Development.

Andrew Behrens, Jesse Weber and Scott Williams of CBRE arranged a bridge loan on behalf of the buyer, Kennedy Wilson and its partner.

“The Eisley is a high-quality asset that will provide much-needed housing in Sacramento as the region continues to grow,” said Weber.

The Eisley sits approximately 6 miles northeast of downtown Sacramento adjacent to I-80. The community will be comprised of 13 three- to four-story buildings with a mix of studio, one-, two- and three-bedroom apartments.

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Jesse Weber

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale/Acquisition
  • ◦Financing
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