Bob Faith Of Greystar Acquires Multifamily Asset From Ward Fitzgerald Of EQT Exeter For $42.8M

The multifamily asset located at 850 Sacramento Avenue in West Sacramento features 192 units and was constructed in 2005. The complex offers unit sizes ranging from 786 to 1,097 sq. ft., and includes amenities such as a pool, gym, and game room. The sale was completed for a price of $42,800,000, reflecting a price per unit of $222,917.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $42,800,000
• Buyer: Bob Faith - Greystar
• Seller: Ward Fitzgerald - EQT Exeter
• Units: 192
• Price Per Unit: $222,917
• Market: West Sacramento
• Year Built: 2005

In this transaction, Bob Faith represented Greystar as the buyer while Ward Fitzgerald represented EQT Exeter as the seller. Notably, the transaction reflects a 26% decrease from the property's previous sale price of $58.2 million in 2022.