Class B multifamily Antelope Woods in Sacramento was recently acquired.
SACRAMENTO—A primary driver for multifamily investment, especially on the part of Ridge Capital Investors, is the healthy Sacramento housing dynamic, which has positioned the region as a top-tier rental growth market during the last five years. Much of this performance is a result of strong job growth fundamentals coupled with very low delivery of new housing inventory during this cycle.
According to commercial real estate research firm, Yardi Matrix, year-over-year rental growth in 2017 exceeded 7% and the immediate neighborhoods are expected to achieve high single-digit rent growth in 2018 as well. Unemployment in the region has fallen to below 4%, led in part by private sector growth in healthcare and technology.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
