The Registry Bay Area | Meghan Hall
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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