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California  + Bay Area  + Apartments  | 
Montgomery Partners has acquired Nueva Vista Apartment in Santa Rosa, California for $14.75 million

Montgomery Partners Acquires Santa Rosa Garden Apartments

Montgomery Partners has acquired Nueva Vista Apartments, a two building, three-story garden-style apartment complex in Santa Rosa, for $14.75 million and has begun renovations. The property comprises 74 units and is situated on 2.43 acres in Sonoma County.  

Purchased at $199,000 per unit, the property will be rebranded as The Palms at Coddington, and provide renovated units priced competitively. 

“In a market where there’s not a lot of deal velocity, we are proud to get this deal across the finish line,” said Braden Badger, VP of investor relations. “It’s a well-positioned property and we are eager to get underway on the renovation and repositioning strategy to further enhance the Santa Rosa community.”  

Montgomery Partners plans to invest $2.6 million into renovations as part of the overall capital improvements budget to upgrade the common areas, pool and sun deck, landscaping/signage, building exterior, unit balconies, laundry facilities, and gated access points.  


Inside The Story

Montgomery Partners

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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 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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