Jackson Square Properties Acquires Zeta And Solasta Luxury Apartments From A.G. Spanos For $161.5M

The transaction involves the sale of the Zeta and Solasta Luxury Apartments located at 3761 East Commerce Way and 7606 Klotz Ranch Court in Sacramento. The total sale price for the multi-family asset, which comprises 536 units, is $161,500,000, making the price per unit approximately $301,306. The properties offer resort-style amenities and modern apartment layouts, aimed at enhancing the living experience for residents.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $161,500,000
• Buyer: Jackson Square Properties
• Seller: A.G. Spanos
• Brokers: Marc Ross, Joe McNamara & Claire Holt - CBRE
• Units: 536
• Price Per Unit: $301,306

The brokerage firm CBRE represented A.G. Spanos in this transaction, highlighting the involvement of experienced professionals in facilitating the sale. Marc Ross, Joe McNamara, and Claire Holt played key roles in the successful execution of the deal, ensuring that all aspects of the transaction were managed effectively.