ALLIANCE RESIDENTIAL MAKES 1ST NO. CALIF. PURCHASE NORTHEAST OF SACRAMENTO

by admin

ROCKLIN, CALIF. — Alliance Residential Co. has acquired the 171-unit Montessa at Whitney Ranch, a multifamily community located at 1150 Whitney Ranch Pkwy. in Rocklin. Originally developed as a condominium property but converted to a rental community in 2008, Montessa at Whitney Ranch offers one-, two- and three-bedroom units. To be re-branded under the Broadstone community name, Alliance’s fourth acquisition in California during the past 9 months came about through a short-sale transaction. Alliance will implement a capital-improvement plan at Montessa at Whitney Ranch and will also manage the property.

You may also like