Riaz Taplin Of ArtHaus Partners Acquires 368-Unit Multifamily Property In Sacramento For $76.5M
2645 Stonecreek Drive
$76,500,000
Building Size
—
Asset Type
MultiFamily
Closing
May 4, 2026
AI
ArtHaus Partners acquired a multifamily property known as Creek at 2645, located at 2645 Stonecreek Drive in Sacramento. The property consists of 368 units, with a sale price of $76,500,000 and a price per unit of $207,880.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $76,500,000
- Address: 2645 Stonecreek Drive
- Market: Sacramento
- Units: 368
- Price per Unit: $207,880
- Buyer: Riaz Taplin - ArtHaus Partners
- Seller: Jonathan Slager - Bridge Investment Group
The transaction involves Riaz Taplin representing ArtHaus Partners and Jonathan Slager representing Bridge Investment Group. ArtHaus Partners plans to convert 314 of the units to affordable housing, which will be financed using a $100 million city-backed bond for acquisition and renovations.
Players
Sacramento MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93