Dean Weidner Acquires Multifamily Property In Sacramento For $77M

The Artisan, a 264-unit multifamily property located at 8282 Calvine Road in Sacramento, was sold for $77,000,000. The property was acquired by Weidner Apartment Homes from sellers Mark Carter of Sequoia Equities and Ken Coit of Coit Financial. The sale was facilitated by CBRE, with brokers Hasina Ahmadi and Marc Ross representing the sellers and also arranging financing for the buyer.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $77,000,000
• Units: 264
• Price Per Unit: $291,667
• Buyer: Dean Weidner - Weidner Apartment Homes
• Seller: Mark Carter - Sequoia Equities; Ken Coit - Coit Financial
• Brokers: Hasina Ahmadi & Marc Ross - CBRE
• Mortgage Brokers: CJ Connolly, Ryan Greer, Trevor Breaux & Troy Tegeler - CBRE

The mortgage for the transaction was brokered by CJ Connolly, Ryan Greer, Trevor Breaux, and Troy Tegeler from CBRE. This significant deal involved key individuals such as Dean Weidner as the buyer representing Weidner Apartment Homes and Mark Carter and Ken Coit as the sellers from Sequoia Equities and Coit Financial, respectively.