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Sacramento MF Trades for $59M

CBRE Capital Markets arranged the $59 million sale of The Landing at College Square, a 270-unit, Class A apartment community in Sacramento. The buyer was San Rafael-based Oakmont Properties, and the seller was USA Properties Fund.

CBRE’s Marc Ross and Bill Ayres arranged the sale on behalf of the seller.

“The interest in and success of newly developed apartment communities has been remarkable, both from a sales and leasing perspective,” said Ross, who notes the property achieved an average absorption rate of over 20 units per month.

Located at 7640 West Stockton Blvd., the 96%-occupied property consists of one, two and three-bedroom apartments. Built in 2017, units boast high-end interior finishes and amenities such as nine-foot ceilings, stainless-steel appliances, quartz counter-tops, fully-equipped gourmet kitchens, full-sized washers and dryers, walk-in closets, oversized soaking tubs and personal balconies.

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Connect With Oakmont PropertiesConnect With USA Properties FundConnect With CBRE’s Ross

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
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