Oakmont Properties Sells 339-Unit Sacramento Multifamily Community for $85.1MM

The Registry Bay Area   |   Meghan Hall

Posted In — News & Press | In the News

A large multifamily transaction has closed in Sacramento, giving credence to the stability of the asset class under COVID-19. According to public documents and a statement issued by San Rafael, Calif.-based Oakmont Properties, The Fountains at Point West have sold for $85.1 million, or about $251,000 per unit. The buyer was Salt Lake City, Utah-based Bridge Investment Group.

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